Public Papers - 1989
Letter to the Speaker of the House of Representatives and the President of the Senate on Trade With China
Dear Mr. Speaker: (Dear Mr. President:)
Pursuant to the authority vested in me by subsection 103(c)(2) of the International Development and Finance Act of 1989 (``the Act''), and as President of the United States, I hereby report that it is in the national interest of the United States to terminate the suspensions under subsection 103(a) of the Act of programs of the Export-Import Bank of the United States for the People's Republic of China. I am thereby waiving the prohibitions on the Export-Import Bank's financing any trade with, and on extending any loan, credit, credit guarantee, insurance or reinsurance to the People's Republic of China as provided in subsection 103(a).
Note: Identical letters were sent to Thomas S. Foley, Speaker of the House of Representatives, and Dan Quayle, President of the Senate.