Mr. Chairman. the heart of the controversy over the Trade Reform Act of 1973. and the subject which I wish to address myself to in the brief time available concerns title IV of the bill dealing with "trade relations with countries not enjoying nondiscriminatory treatment." The central question in this section is whether the United States is going to grant mostfavorednation privileges and taxsupported credit guarantees to the Soviet Union and other nonmarket economies. In the bill. freedom of emigration is quite properly asserted as a minimal prerequisite. and I emphasize. minimal prerequisite. to the extention of mostfavorednation status to any nonmarket economies. However. no such limitation has been placed on the extension of credit guarantees. in this aspect I believe the bill is seriously deficient and must be changed here on the floor. Quite clearly. the entire trade bill. and particularly title IV. represents critical aspects of the conduct of American foreign policy.
Keywords matched
emigration