TNAG-2469-FCO40-3593-Most-favoured-nation-status-for-China-Hong-Kong-interests-1992 — Page 222

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These reductions are without prejudice to any tariff negotiations which may take place under the auspices of the GATT.

ARTICLE VI EXPORT RESTRICTIONS

1. Consistent with the national security interests of the United States, the U.S. Government will continue to pursue in the Coordinating Committee for Multilateral Export Controls (COCOM) liberalized export control lists and procedures, including those for China.

2. The U.S. Government, in concert with COCOM, is considering liberalized treatment of computer exports for civilian end-use, which would also apply to China. This liberalization could go into effect as early as November, 1992, but no later than July 1, 1993. The liberalization will raise the sophistication of computers that will no longer require COCOM review by more than 100 percent.

3. The U.S. Government has agreed to significantly liberalize controls on telecommunications and will apply these changes to China.

ARTICLE VII CONDITIONS OF MARKET ACCESS

1. The Chinese Government will ensure that the conditions for market access specified in this MOU remain unimpaired directly or indirectly by any other restrictions affecting imports or exports of products from the People's Republic of China.

2. Notwithstanding the provisions of the MOU, the U.S. Government and the Chinese Government reserve any rights they may have in the future under the General Agreement on Tariffs and Trade.

ARTICLE VIII

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SECTION 301 INVESTIGATION AND GATT

1. Effective on the date of signature of this MOU, the U.S. Government will terminate its investigation of certain market access barriers maintained by the Government of the People's Republic of China conducted under section 301 of the Trade Act of 1974.

2. The U.S. Government will staunchly support China's achievement of contracting party status to the GATT and will work constructively with the Chinese Government and other GATT contracting parties to reach agreement on an acceptable "Protocol" and then China's rapid attainment of contracting party status.

ARTICLE IX

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CONSULTATIONS AND FINAL PROVISIONS

1. The U.S. Government and the Chinese Government agree to