To authorize the extension of nondiscriminatory treatment (most-favored-nation treatment) to the products of Mongolia.

Authorizes the President to: (1) determine that title IV of the Trade Act of 1974 (denying nondiscriminatory treatment to the products of certain countries) should no longer apply to Mongolia; and (2) based upon such determination, extend nondiscriminatory treatment (most-favored-nation treatment) to Mongolian products.