ExecutiveOrdersEO
DetDeterminationG.W. Bush · R

Presidential Determination

Determination Under Subsection 402(d)(1) of the Trade Act of 1974, as AmendedContinuation of Waiver Authority for Vietnam

President Bush determined that extending waiver authority under section 402 of the Trade Act of 1974 would substantially promote the Act's objectives, specifically continuing the waiver applicable to Vietnam. This maintains Vietnam's preferential trade status despite the Jackson-Vanik amendment's normal trade relations requirements.

Federal Register Open PDF 69 FR 32433

Impact dates

  1. Publication of determination in Federal Register

Key directives

  • Determine that further extension of waiver authority under section 402 of the Trade Act of 1974 will substantially promote the objectives of section 402
  • Determine that continuation of waiver applicable to Vietnam will substantially promote the objectives of section 402
  • Publish determination in the Federal Register

Who is ordered

Timeline

Immediate

  • Waiver authority for Vietnam continues
  • Determination to be published in Federal Register

Near term (90d)

—

Long term

  • Continued normal trade relations treatment for Vietnam pending future annual presidential determinations

Risks & tensions

  • Annual renewal creates uncertainty for trade planning
  • Jackson-Vanik waiver mechanism politically sensitive regarding human rights and emigration policies
  • Vietnam's non-market economy status creates ongoing trade tensions
Presidential Determination: Determination Under Subsection 402(d)(1) of the Trade Act of 1974, as AmendedContinuation of Waiver Authority for Vietnam · Executive Orders