Soviet entrepreneurs and Industrialists need technical knowledge. as well as funds. to create an environment that will encourage market principles. The benefits we offer to our trading partners through MFN designation certainly would be an important compliment to their own efforts. As my colleagues are aware. the Trade Act of 1974 authorizes the President to extend MFN status to a nonmarket economy if that country meets specific emigration requirements. For over 5 years. we have witnessed tremendous Increases in the number of Soviet emigres. This is certainly in line with the undedying Intentions of the JacksonVanlk emigration amendment and is truly Indicative of the pervasiveness of the reform movement. To show this countrys support for such action. the administration negotiated a bilateral trade agreement which was signed by Presidents Bush and Gorbachev in June of last year. This document contained side letters which defined Intellectual property rights. currency convertiblity. and other items to facilitate business relationships.
Keywords matched
emigration