Press Releases

Secretary Snow's Statement on the Foreign Exchange Report

(Archived Content)

FROM THE OFFICE OF PUBLIC AFFAIRS

Photo: Secretary Snow's Statement on the Foreign Exchange Report

2005-5-17-15-36-31-12503

 

 

It is critical that we address the issues of imbalances aggressively and in a cooperative spirit with the goal of raising global growth. Nothing would do more damage to the prospects of increasing living standards throughout the world than efforts to inhibit the flow of trade. However, it is incumbent on China to address concerns before mounting pressures worldwide to restrict trade harm the openness of the international trading system.

 

 

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