TNAG-2468-FCO40-3592-Most-favoured-nation-status-for-China-Hong-Kong-interests-1992 — Page 215

Commenti

Now here it

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this dayt

time table

CHINA'S MFN STATUS: CALENDER OF EVENTS

UNo3 094

Gadz

1. The President decides on MFN renewal only one month before it is due to expire. Thus his approval of renewal on

28 May 1991 was for the period 3 July 1991 to 2 July 1992.

Given the complexity of trade and the time needed to react

to changed conditions this is an odd way of operating

it is so.

2.

-

but

Thus

Congress/the Senate can attempt to cast aside MFN

status in full or to attach conditions, at any time.

they could first try to vote for MFN to be stopped possibly with immediate effect. Such drastic action is unlikely to

be successful and they are more likely to try to have MFN

stopped from the next period or to attach conditions, either to the current period or to the next period. Again

having conditions attached in the current period is

unrealistic.

The timetable so far this year and as anticipated is as

follows:

1992

25 February

2 March

11 March

18 March

KIPAIY/1

SLM

Senate passed Bill to set conditions on

renewal for 1992/93. (Vote 59-39 fell

short of 2/3 majority required to override

Presidential veto).

Senate Bill vetoed by President.

House voted (357-61) to override the President's veto of the Congress Bill. (ie above the 2/3 majority).

Senate voted (60-38) to attach conditions

to renewal for 1992/93 and failed to secure

2/3 majority. President vetoed Senate vote

(8