Page:United States Statutes at Large Volume 105 Part 3.djvu/718

 105 STAT. 2602 PROCLAMATION 6307—JUNE 24, 1991 I have the honor to propose that this understanding be treated as an integral part of the Agreement. I would be grateful if you would confirm that this understanding is shared by your Government. I have the further honor to confirm that the foregoing understanding is shared by my Government and constitutes an integral part of the Agreement. Sincerely, WYLIE H. WHISONANT, JR., Acting Under Secretary. TERMS OF REFERENCE: THE UNITED STATES-BULGARIA JOINT COMMERCIAL COMMISSION The United States-Bulgaria Joint Commercial Commission is established by the Governments of the United States and Bulgaria to facilitate the development of commercial relations and related economic matters between the United States of America and the Republic of Bulgaria. The Commission shall work and shall formulate recommendations on the basis of mutual consent. The Commission shall: — Review the operation of the U.S.-Bulgaria Trade Agreement and make recommendations for achieving its objectives in order to obtain the maximum benefit therefrom; —Exchange information about amendments and developments in the regulations of the United States and Bulgaria affecting trade under the U.S.-Bulgaria Trade Agreement; — Consider measures which would develop and diversify trade and commercial cooperation. These measures shall include, but not are limited to encouraging and supporting contracts and cooperation between businesses of both countries, and between firms established in the United States and Bulgaria; — Monitor and exchange views on U.S.-Bulgaria commercial relations, identify and where possible recommend solutions to issues of interest to both Parties; — Provide a forum for exchanging information in areas of commercial, industrial and technological cooperation, where they have an impact on commercial relations; and — Consider other steps which could be taken to facilitate and encourage the growth and development of commercial relations and related eco* nomic matters between the two countries. The Commission shall be comprised of two sections, a U.S. section and a Bulgarian section. Each section shall be composed of a chairman and other government officials as designated by each Party. The Commission shall meet as often as mutually agreed by the Parties, alternatively in Washington and Sofia. Appropriate senior-level officials from the U.S. Department of Commerce and the Bulgarian Ministry of Foreign Economic Relations shall act as cochairmen of the Commission, and shall head their respective sections; each section of the Commission shall include other government officials as designated by each Party. The Commission shall work on the basis of mutual agreement. The Commission shall, as necessary, adopt rules of procedure and work programs. The Commission may, as mutually agreed, establish joint working groups to consider specific matters. These working groups shall function in accordance with the instructions of the Commission.

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