MTN CODES:
9
Hungary is an active participant in a number of MTN Arrangements and Agreements, having joined the Meat and Dairy Arrangements in 1979 and the Standards, Antidumping, Customs Valuation and Import Licensing Codes in 1980. Hungary is also an observer in the Government Procurement and Subsidies Codes.
There are no restrictions on U.S.-Hungarian trade relations under the Codes, despite the U.S. invocation of Article XXXV in the GATT context.
BILATERAL TRADE AGREEMENTS:
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The Bilateral Agreement on Trade Relations, which entered into force on July 7, 1978, is the key
U.S.-Hungarian trade agreement as through, this agreement the U.S. grants Hungary MFN treatment on a conditional basis. The agreement was negotiated pursuant to the requirements of the Jackson-Vanik amendment and on June 4, the President recommended [Sec. 402(d) (5)] that MFN treatment for Hungary be extended for one year. The 1984 Trade and Tariff Act amended the 1974 Act to make Hungary
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