[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.