On May 26, 1994, President Clinton announced he was recommending that MFN status be extended to China for another year despite Beijing's failure to meet the human rights conditions set forward in his Executive Order of the previous year (Executive Order 12850). In addition, the President announced he was taking additional steps with respect to China, including: maintaining U.S. sanctions imposed as a result of the events in Tiananmen

In the months following China's 1989 Tiananmen Square crackdown, both the President and the Congress took a number of initiatives protesting Beijing's actions. These initiatives centered around U.S. concerns related to trade, human rights, and non-proliferation. In intervening years, the United States has periodically imposed, lifted, or waived other sanctions and concluded several trade-related agreements with China relating to these concerns. Those measures that remain in place in 1994 are detailed in the accompanying tables.

South Korea has become a mid-level economy with a growing consumer market and industrial base. It now is in transition. It can no longer compete easily in low-wage, low-technology manufacturing with other countries of Asia, yet it does not have the technology and expertise to compete fully with industries from Japan, the United States, and Europe.

This report discusses the broad-ranging provisions in Title IV of The Clean Air Act Amendments of 1990 (P.L. 101-549), which raise myriad implementation issues, particularly with respect to the system of tradable "allowances."

It has been suggested recently that most-favored-nation (MFN) status be extended to China permanently by determining that it is no longer a nonmarket economy (NME) country and thus removing China from the purview of the freedom-of-emigration waiver of the Jackson-Vanik amendment, required for the annual renewal of the MFN status of NME countries.