Page:United States Statutes at Large Volume 102 Part 3.djvu/312

 102 STAT. 2270-54

PUBLIC LAW 100-463—OCT. 1, 1988

SEC. 9009. UNITED STATES POLICY CONCERNING ECONOMIC ASSISTANCE FOR CENTRAL AMERICA.

As part of an effort to promote democracy and address on a longterm basis the economic causes of regional and political instability in Central America— (1) in recognition of the recommendations of groups such as the National Bipartisan Commission on Central America, the Inter-American Dialogue, and the Sanford Commission, (2) to assist in the implementation of these economic plans and to encourage other countries in other parts of the world to join in extending assistance to Central America, (3) and in the context of an agreement to end military conflict in the region, the Congress encourages the President to submit proposals for bilateral and multilateral action— (A) to provide additional economic assistance to the democratic countries of Central America to promote economic stability, expand educational opportunity, foster progress in human rights, bolster democratic institutions, and strengthen institutions of justice; (B) to facilitate the ability of Central American economies to grow through the development of their infrastructure, expansion of exports, and the strengthening of increased investment opportunities; (C) to provide a more realistic plan to Eissist Central American countries in managing their foreign debt; and (D) to develop these initiatives in concert with Western Europe, Japan, and other democratic allies. SEC. 9010. ECONOMIC INCENTIVES FOR DEMOCRACY IN NICARAGUA SIMILAR TO THOSE AVAILABLE TO CENTRAL AMERICAN DEMOCRACIES. President of U.S.

(a) CONDITION ON TERMINATION OF TRADE EMBARGO AND PROVISION OF RELOCATION ASSISTANCE.—(1) If the Government of Nicaragua

and the Nicaraguan Resistance sign a comprehensive final agreement to provide for peace and democracy in Nicaragua, then— (A) the President shall terminate the trade embargo imposed against Nicaragua by Executive order 12513 of May 1, 1985; and (B) there shall be transferred to the President from unobligated funds from the appropriations accounts specified in section 9011, $10,000,000, to remain available for a period of twelve months after the signing of the agreement, to provide assistance for the relocation in Nicaragua and the reintegration into Nicaraguan civil society of members of the Nicaraguan Resistance, and the Nicaraguans outside Nicaragua displaced by the conflict. (2) Nothing in this section shall be construed to limit the authority of the President under the International Emergency Economic Powers Act. (b) TRADE BENEFITS.—On or after the date which is 180 days after the date of signing of the agreement described in subsection (a), if the President certifies to the Congress that the Government of Nicaragua is continuing to comply with that agreement, then the President may, notwithstanding any other provision of law— (1) designate Nicaragua a beneficiary country for purposes of proposals referred to in section 9009 and for purposes of the Caribbean Basin Economic Recovery Act (19 U.S.C. 2701 et seq.);

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