Memoranda, June 2, 1981

Memorandum on Trade With Romania, Hungary, and the People's Republic of China

June 2, 1981

Presidential Determination No. 81 - 8

Memorandum for the Secretary of State

Subject: Determination under Subsection 402(d)(5) and (d)(5)(C) of the Trade Act of 1974 -- Continuation of Waiver Authority

Pursuant to the authority vested in me under the Trade Act of 1974 (Public Law 93 - 618, January 3, 1975; 88 Stat. 1978) (hereinafter ``the Act''), I determine, pursuant to Subsections 402(d)(5)(C) of the Act, that the further extension of the waiver authority granted by Subsection 402(c) of the Act will substantially promote the objectives of Section 402 of the Act. I further determine the continuation of the waivers applicable to the Socialist Republic of Romania, the Hungarian People's Republic and the People's Republic of China will substantially promote the objectives of Section 402 of the Act.

This determination shall be published in the Federal Register.

Ronald Reagan

[Filed with the Office of the Federal Register, 4:23 p.m., June 9, 1981]

Memorandum on Trade With Romania and Hungary

June 2, 1981

Presidential Determination No. 81 - 9

Memorandum for the United States Trade Representative

Subject: Renewal of Trade Agreements with Romania and Hungary -- Findings and Determinations under Subsection 405(b)(1) of the Trade Act of 1974

Pursuant to my authority under the Trade Act of 1974 (Public Law 93 - 618, January 3, 1975; 88 Stat. 1978), I find, pursuant to subsection 405(b)(1) of that Act, that a satisfactory balance of concessions in trade and services has been maintained during the lives of the Agreements on Trade Relations between the United States and the Socialist Republic of Romania and the Hungarian People's Republic. I further determine that actual or foreseeable reductions in United States tariffs and non-tariff barriers to trade resulting from multilateral negotiations have been satisfactorily reciprocated by the Socialist Republic of Romania and by the Hungarian People's Republic.

These findings and determinations shall be published in the Federal Register.

Ronald Reagan

[Filed with the Office of the Federal Register, 11:36 a.m., June 3, 1981]