[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 174 Introduced in Senate (IS)]







105th CONGRESS
  2d Session
S. RES. 174

  To state the sense of the Senate that Thailand is a key partner and 
  friend of the United States, has committed itself to executing its 
responsibilities under its arrangements with the International Monetary 
Fund, and that the United States should be prepared to take appropriate 
          steps to ensure continued close bilateral relations.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 9, 1998

Mr. Roth (for himself, Mr. Baucus, Mr. Thomas, and Mr. Lugar) submitted 
   the following resolution; which was referred to the Committee on 
                           Foreign Relations

_______________________________________________________________________

                               RESOLUTION


 
  To state the sense of the Senate that Thailand is a key partner and 
  friend of the United States, has committed itself to executing its 
responsibilities under its arrangements with the International Monetary 
Fund, and that the United States should be prepared to take appropriate 
          steps to ensure continued close bilateral relations.

Whereas the United States maintains a close bilateral partnership with Thailand 
        and has a profound interest in furthering that relationship;
Whereas the friendship between our two countries goes back farther than that 
        with any other Asian nation dating back to the Treaty of Amity and 
        Commerce and Navigation of 1833;
Whereas the bilateral trade relationship is robust and promises to grow even 
        more so in time;
Whereas the United States security relationship with Thailand is one of our most 
        critical, and it is in both countries' interest to maintain and 
        strengthen that relationship;
Whereas the new Government in Thailand has committed itself to making 
        significant structural reforms to its economy in line with the 
        conditions placed upon it by the International Monetary Fund, including 
        improving financial and economic transparency and cutting its budget;
Whereas the conditions imposed on Thailand by the International Monetary Fund 
        were developed in August of 1997, when the economic environment in Asia 
        was vastly different from that existing today; and
Whereas an example of those changed circumstances is the fact that both Korea 
        and Indonesia provided second line of defense contingency loans to 
        Thailand in August 1997, amounting to US$500 million each: Now, 
        therefore, be it
    Resolved, That it is the sense of the Senate that--
            (1) the United States should be prepared to take 
        appropriate steps to help ensure that Thailand's economic 
        recovery efforts will continue uninterrupted and to enhance the 
        close political, economic, and security relations between 
        Thailand and the United States; and
            (2) Thailand deserves praise and commendation from the 
        United States for the measures it has implemented to resolve 
        its financial problems.
                                 <all>