A concurrent resolution expressing the sense of Congress in opposition to the proposal by the European Community for the establishment of a tax on vegetable and marine fats and oils and urging the President to take strong and immediate countermeasures should such a tax be implemented to the detriment of United States exports of oilseeds and products and inconsistently with the European Community's obligations under the General Agreement on Tariffs and Trade.

Expresses the sense of the Congress that the administration should; (1) oppose the establishment of a tax on vegetable and marine fats and oils in the European Community; (2) continue its efforts to ensure that such a tax is not established; and (3) notify the European Community that the United States will view establishment of such a tax as inconsistent with the European Community's obligations under the General Agreement on Tariffs and Trade and as an action that will result in the result in the adoption of strong and immediate countermeasures.