Mongolia has undergone a series of remarkable and dramatic changes over the last few years. Sandwiched between the former Soviet Union and China. it was one of the first countries In the world to become Communist after the Russian Revolution. After 70 years of Communist rule. though. the Mongolian people have recently made great progress in establishing a democratic political system and creating a freemarket economy. Just last year. the country held Its third election under Its new constitution. resulting in a parliamentary majority for the coalition of democratic opposition parties. Rather than attempt to maintain its hold on power. the former government peaceablyand commendablytransferred power to the new government. Mongolia has demonstrated a strong desire to build a friendly and cooperative relationship with the United States on trade and related matters since its turn towards democracy. We concluded a bilateral trade treaty with that country in 1991. and a bilateral investment treaty in 1994. Mongolia has received nondiscriminatory trading status since 1991. and has been found to be In full compliance with the freedom of emigration requirements of title IV of the Trade Act of 1974. In addition. it has acceded to the agreement establishing the World Trade Organization. Mr. President. Mongolia has clearly demonstrated that it is fully deserving of joining the ranks of those countries to which we extend nondiscriminatory trade status. The extension of that status would not only serve to commend the Mongolians on their impressive progress. but would also enable the United States to avail itself of all its rights under the WTO with respect to Mongolia. I have another. more parochial. reason for being interested In MFN status for Mongolia. Mongolia and my home State of Wyoming are sister States. a strong relationship between the two has developed over the last 4 years.
Keywords matched
Mongolian emigration Mongolians