Speech #1050206834

The third section of the bill authorizes the President to determine that title IV of the Trade Act of 1974. commonly known as the JacksonVanik Amendment. should no longer apply to Mongolia and to extend unconditional normal trade relations to that country. The committee requested public comment on this proposal and received no negative comments. The United States first extended normal trade relations to Mongolia in 1991 under a presidential waiver from the JacksonVanik Freedom of Immigration criteria. In 1996. the President found Mongolia to be in full compliance with the JacksonVanik requirements. Two years ago Mongolia became a member of the World Trade Organization.