Waiver Under The Trade Act Of 1974 With Respect to Vietnam
Headline: Waives Certain Trade Act Restrictions for Vietnam, Affecting U.S. Trade
What it does: The order waives the application of sections 402(a) and 402(b) of the Trade Act of 1974 as they apply to Vietnam.
- Removes the specified Trade Act restrictions that applied to Vietnam.
- Alters how U.S. trade law treats Vietnam for those provisions.
- Follows a required report to Congress prior to the waiver.
Summary
This executive order waives the application of sections 402(a) and 402(b) of the Trade Act of 1974 with respect to Vietnam. The President states he made the report to the Congress required by section 402(c)(2) before signing the waiver. The waiver means those specific statutory provisions no longer apply to Vietnam under U.S. law, changing how U.S. trade law treats Vietnam for the matters covered by those sections.
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