Text Version

NEWS

July 1, 1997

FCC CHAIRMAN REED HUNDT
PRAISES NEW ELECTRONIC COMMERCE REPORT




The Framework for Global Electronic Commerce released today by President Clinton and Vice President Gore outlines comprehensively how government can facilitate private sector development of a global electronic marketplace for on-line services, software, video, and a whole host of other goods and services.

As the report makes clear, the private sector will lead the effort to develop electronic commerce. Governments can help by promoting open and competitive communications markets at home and abroad. Economic growth generated by buying, selling, or advertising goods and services on-line depends on affordable access and bandwidth. Competition is the best way to ensure both.

The Commission will continue to work with the Administration and Congress to achieve the goals laid out in today's report and to make the Vice President's vision of a Global Information Infrastructure providing affordable, high-speed telecommunications links to every town and village around the globe a reality.

- FCC -