Regarding the establishment of free trade areas between the United States and certain East European countries.

Urges the President to initiate consultations and negotiations with East European countries (Poland, Hungary, Czechoslovakia, and Yugoslavia) under the authority of the Omnibus Trade and Competitiveness Act of 1988 to reach trade agreements that establish free trade areas between the United States and such countries. Authorizes the President to designate other East European countries (including Estonia, Latvia, and Lithuania) as eligible East European countries if such a country is taking steps toward: (1) political pluralism; (2) economic reform based upon progress toward a market-oriented economy; (3) respect for internationally recognized human rights; and (4) a willingness to build a friendly relationship with the United States.