To provide for the withdrawal of most favored nation status from the Republic of Turkey and to provide for the restoration of such status if certain conditions are fulfilled.

Provides for the withdrawal of nondiscriminatory treatment (most-favored-nation treatment) with respect to products imported from the Republic of Turkey. Authorizes the President to restore nondiscriminarty treatment to Turkish goods 30 days after certifying to the Congress that Turkey has: (1) released and accounted for the Americans abducted by Turkish forces during the invasion of Cyprus in 1974 and the Greek Cypriots who have been missing since that invasion; (2) restored to original condition for Christian worship churches that were converted to mosques; (3) withdrawn from Cyprus all Turkish military forces in excess of those permitted by the 1960 Treaty of Alliance and all Turkish colonists; (4) returned the area of Famagusta/Varosha to Cyprus; (5) returned property of U.S. citizens that was illegally taken by Turkish forces and the Denktash Turkish Cypriot regime; (6) undertaken negotiations that have resulted in progress toward establishing democracy in Cyprus; (7) halted its violations of the human rights of its Kurdish citizens; and (8) complied with the United Nations Charter, specified United Nations resolutions, and the North Atlantic Treaty, and is not engaged in human rights violations or ethnic cleansing.