Romania Trade Act - States that the purposes of this Act are to promote constructive relations with Romania, to contribute to international stability, to promote international trade, to provide a framework helpful to private United States firms conducting business relations with Romania and to promote the expansion of United States exports.
Provides that the President may enter into a commercial agreement with Romania under this Act, with provision concerning: (1) arrangements for the promotion of trade between the United States and Romania; (2) the extension of most-favored-nation treatment with respect to duties or other restrictions on the import of products of the other country; (3) arrangements for the protection of industrial rights and processes; (4) arrangements for the settlement of commercial difference and disputes; (5) arrangements, for establishment or expansion of trade and tourist promotion offices, for facilitation of activities of governmental commercial officers, participation in trade fairs and exhibits and the sending of trade missions, and for facilitation of entry and travel of commercial representatives; and (6) such other arrangements of a commercial nature as will promote the purposes of this Act.
Requires the President to report to the Congress on any commercial agreement or amendment thereto entered into under this Act.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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