    [Public Papers of the Presidents of the United States: George H. W. Bush (1991, Book I)]
    [June 3, 1991]
    [Pages 595-596]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement by Press Secretary Fitzwater on Trade With Bulgaria,
    Czechoslovakia, and Mongolia
    June 3, 1991

        The President submitted to the Congress his recommendation to extend
    the waiver authority granted under the Jackson-Vanik amendment
    (Section 402) to the 1974 Trade Act, as well as the separate waivers for
    Bulgaria, Czechoslovakia, and Mongolia. These waivers will promote
    freedom of emigration in these three countries and ensure their
    continued eligibility for official credit programs such as those of the
    Export-Import Bank and Commodity Credit Corporation. The waviers are
    also required for the extension of most-favored-nation trade status.
        The President's report to the Congress describes the dramatic surge
    toward democracy in Czechoslovakia and the com-

    [[Page 596]]

    plete freedom of emigration its citizens now enjoy. Czechoslovakia has
    benefited from most-favored-nation trade status since November 1990.
    Bulgaria and Mongolia have also made impressive progress toward
    democratization and free emigration. We anticipate according MFN status
    to both countries pending ratification by the respective legislatures of
    the bilateral commercial agreements signed in April 1991.