At the same time. however. I think it is appropriate for us to review the requirements of the law that this and most other agreements with nonmarket countries must meet to secure mostfavorednation status and Eximbank credits. Section 402 of the Trade Act of 1974 now restricts the extension of trade benefits to a nonmarket country. unless it exhibits a satisfactory emigration policy. Specifically. it is required to submit assurances to the United States that it adheres to a liberal emigration policy as a prerequisite for receiving either trade credits or MFN. This is a tall order for any sovereign nation and any nation that is a trading "partner" with us. While I applaud the goal of this provision in attempting to promote free emigration around the world. I question not only its effectiveness but whether this kind of law is becoming of us- as a mature. sophisticated trading nation. It assumes that American goods.
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emigration