Mr. McDONALD. and Mr. DORNAN to disapprove another years extension of Presidential authority to waive with respect to Romania the freedom of emigration requirements of section 402 of the Trade Act of 1974. As already discussed. passage of this resolution would have the effect of removing mostfavorednation (MFN) status for Romania as well as eliminating dutyfree treatment for specified Romanian products under the generalized system of preferences (GSP) and preventing the extension of credits or investment guarantees to that country. Passage of House Resolution 317 at this time would be a serious mistake. both with respect to the continued development of U.S. trade with Romania and with respect to the promotion of freedom of emigration that the JacksonVanik amendment--section 402 of the Trade Acthas tied to the normalization of trade relations with nonmarket economies. Trade between the United States and Romania has grown steadily during the 1970s. but has been especially impressive since MFN was extended to Romania late in the summer of 1974. Since that time. total trade between the two countries has more than doubled.
Keywords matched
emigration