Speech #1020090891

I strongly urge my colleagues to lend their support to a measure that will say much about Americas continuing commitment to democratization in Eastern Europe. Since 1978. Hungary has received MFN status subject to the annual Presidential waiver process. This provision is provided for in title IV of the Trade Act of 1974. the socalled JacksonVanik amendment. The amendments set forth specific freedom of emigration requirements which must be met. or waived by the President. in order for nondiscriminatory. mostfavorednation status to be granted to a nonmarket economy. For the past 13 years. Hungary has enjoyed the benefits of favorable tariff treatment as it steadily progressed toward the goals of privatization and a marketoriented economy.