Page:United States Statutes at Large Volume 110 Part 2.djvu/622

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110 STAT. 1414 PUBLIC LAW 104-162^JULY 18, 1996 Public Law 104-162 104th Congress An Act July 18, 1996 To authorize the extension of nondiscriminatory treatment (most-favored-nation [H.R. 2853] treatment) to the products of Bvdgaria. Be it enacted by the Senate and House of Representatives of Exports and the United States of America in Congress assembled, ]S^?C 2434 SECTION 1. CONGRESSIONAL FINDINGS AND SUPPLEMENTAL ACTION. "°*®- (a) CONGRESSIONAL FINDINGS. —The Congress finds that Bulgaria— (1) has received most-favored-nation treatment since 1991 and has been found to be in full compliance with the freedom of emigration requirements under title IV of the Trade Act of 1974 since 1993; (2) has reversed many years of Communist dictatorship and instituted a constitutional republic ruled by a democratically elected government as well as basic market-oriented reforms, including privatization; (3) is in the process of acceding to the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO), and extension of unconditional most-favored-nation treatment would enable the United States to avail itself of all rights under the GATT and the WTO with respect to Bulgaria; and (4) has demonstrated a strong desire to build friendly relationships and to cooperate fully with the United States on trade matters. (b) SUPPLEMENTAL ACTION.—The Congress notes that the United States Trade Representative intends to negotiate with Bulgaria in order to preserve the commitments of that country under the bilateral commercial agreement in effect between that country and the United States that are consistent with the GATT and the WTO.