 Well, thank you all Nancy and I appreciate you coming out here to welcome us home Before I bring you up to date on the economic summit. I'd like to turn a minute to my goodwill ambassador Nancy used the opportunity of this Pacific trip to take her fight against drug abuse to Thailand and Malaysia and I'm very proud of the award that was presented to Nancy, but the people in Thailand in Recognition of her dedication. She's really special to me, too. I Understand that she has a presentation I Understand that Nancy has a presentation of her own to make so here's my special ambassador of goodwill Thank you all the young people that you see over there are from the Martin Luther King school and before we left for Tokyo I They gave to me Some letters to be delivered to their sister school in Tokyo and a mural Which I did and they were very very happy to receive them and they sent back a lot of letters to you and This mural which I wanted you to see and everybody else to see and They hope that this will be the beginning of a long friendship and relationship between the two schools and You and them and and a lasting friendship So I was very happy to do it and they were very happy to receive your your letters and your mural. Thank you well Prior to leaving I talked about the winds of freedom About the resurgence of democracy throughout the world and the solidarity among free people We return from Asia more confident than ever that the future is on the side of the free Today the leading powers of the free world are united in purpose and steadfast in their resolve in Tokyo we looked each other in the eye discussed the challenges we face and Reached understandings that will serve the cause of our mutual security freedom and prosperity The seven major democracies represented in Tokyo set out a unified course on a number of vital issues Terrorism as expected was high on the agenda Our unarmed citizens have been murdered Victimized by cowardly attacks that have permitted to continue Threaten not only the flow of trade and travel but the very fabric of our free societies. I Am more than pleased by the commitments made in Tokyo by our summit partners in this regard Our nations acting together have enormous diplomatic economic and military power We agreed the time has come to move beyond words and rhetoric Terrorists and those who support them especially governments have been put on notice It's going to be tougher from now on The decent people of the world as is clear from our statement in Tokyo are not just standing together in this war against terrorism We're committed to winning the war and wiping this scourge from the face of the earth The late Ludwig von Mises a free or a preeminent I should free market economists once said people must fight for something that they want to achieve Not simply reject an evil Well our meetings in Tokyo reflected both struggle and triumph We sought and reached a consensus as to the best path towards sustaining non-inflationary economic growth High taxes redistribution and central planning are not the way to a better life For the last five years ours has been a program of low tax rates high growth and free enterprise and it's worked There are those in less than free societies who would like to think that self-interest makes it impossible for democratic peoples to cooperate The triumph in Tokyo refutes that cynicism Summit members in an extraordinary display of unity agreed to a number of significant economic initiatives We for example agreed to improve the international monetary system through greater interaction between our governments We reached an understanding that trade imbalance questions and exchange rates stability Very tangible issues would not be dealt with as isolated occurrences, but as manifestations of fundamental economic goals and policies We established a new framework for strengthening effective coordination of international economic policy subsidized agricultural production a primary cause of the world's surpluses of food and fiber and A politically sensitive area was seen as an emerging issue of great importance and we discussed it with candor We spent more time on this than any other economic issue In the end we agreed to further analysis and discussion It was a modest step, but perhaps the historic first step Toward the day when our farmers can sell their products at a competitive price Anywhere in the world A high degree of unity was evident in a number of crucial economic questions The u.s program to deal with the large foreign debt in the developing world By encouraging high private sector growth received strong support And the need for a new round of trade talks with an early launch following the september ministerial received a strong endorsement World trade keeping it free and fair Is a major challenge not only of the western democracies, but also to the developing world Prior to the tokyo summit i met with representatives of the six member nations of asian The association of southeast asian nations They agreed with me on the necessity of keeping markets open and getting world frayed flowing The asian countries are Supportive of a new round of trade talks and of a program of growth oriented policies to solve the debt problem in the third world My feet meetings with the representatives of asian gave me a chance to bring their concerns to tokyo It also permitted me the opportunity to confirm our ties with the industrious people of the pacific rim The united states is a pacific rim country And will most certainly continue to play an important role in events in the pacific That the economic summit was held in tokyo was fortuitous There in japan East truly does meet west a land of beauty culture energy and enterprise Today the interests of free people are no longer east or west North or south, but instead are global and universal Free people everywhere of every culture share a bond of the spirit and of the soul We all have an interest in peace the rights of man And in the well-being of everyone who lives on this planet We reconfirm that in tokyo Well again, we both thank you for coming out to welcome us home. It means a lot to us And it certainly is good to be back in the good old usa Thank you again. God bless you all