The purpose of this resolution is to deny renewal of mostfavorednation (MFN) trade status to the Socialist Republic of Romania. MFN status entitles a U.S. trade partner to the lowest allowable tariff rates. MFN treatment. means in fact. nondiscriminatory. equal treatment. but in the case of Communist or nonmarket economy countries. amounts to preferential treatment. The United States extends the MFN treatment in foreign trade to all countries except to most Communist countries. MFN status can be granted by the United States to a Communist country only if the latters emigration policy is substantially nonrestrictive and the Congress concurs in such grant. Under this procedure. in effect since 1975. MFN status has been extended to Romania.
Keywords matched
emigration