Memorandum on Reconfirmation of Findings With Respect to the Trade Agreement With the People's Republic of China

Presidential Determination No. 96-33

Memorandum for the United States Trade Representative

Subject: Reconfirmation of Findings With Respect to the Trade Agreement With the People's Republic of China Since February 1, 1992, the United States of America and the People's Republic of China have had in effect a bilateral Agreement on Trade Relations, in relation to which, pursuant to my authority under subsection 405(b)(1) of the Trade Act of 1974 (19 U.S.C. 2435(b)(1)), I reconfirm that a satisfactory balance of concessions in trade and services has been maintained during the life of the Agreement and that actual or foreseeable reductions in U.S. tariffs and nontariff barriers to trade resulting from multilateral negotiations are, and continuously have been, satisfactorily reciprocated by the People's Republic of China.

You are authorized and directed to publish this memorandum in the Federal Register.

WILLIAM J. CLINTON

THE WHITE HOUSE,

Washington, June 21, 1996.