Page:United States Statutes at Large Volume 105 Part 3.djvu/774

 105 STAT. 2658 PROCLAMATION 6320--AUG. 2, 1991 e] performing tourism market research. 5. Nothing in this side letter shall obligate either Party to open such offices in the territory of the other. Commercial Touiism Enterprises 1. Conmiercial tourism enterprises, whether privately or governmentally- owned, or branches thereof shall be treated as private commercial enterprises, fully subject to all applicable laws and regulations of the host country. 2. Each Party shall ensure within the scope of its legal authority and in accordance with its laws and regulations that any company owned, controlled or administered by that Party or any joint venture therewith or any private company or joint venture between private companies, which effectively controls a significant portion of the supply of any tourism or travel-related service in the territory of that Party shall provide those services to nationals and companies of the other Party on a fair and equitable basis. Nothing in this letter or in the Agreement shall be construed to mean that tourism and travel-related services shall not receive the benefits from that Agreement as fully as all other industries and sectors. I have the further honor to propose that this understanding be treated as an integral pari of the Agreement. I would be grateful if you would confirm that this understanding is shared by your Government. Sincerely, ROBERT A. M08BACHER, Secretary of Commerce, United States of America. The Honorable Yuri N. Chumakov, Deputy Minister of Foreign Economic Relations Union of Soviet Socialist Republics Washington, June 1, 1990. Dear Mr. Deputy Minister: In connection with the Agreement on Trade Relations Between the United States of America and the Union of Soviet Socialist Republics ("Agreement") to be signed today, I have the honor to confirm the understanding reached by our Governments as follows: Upon the extension of most-favored-nation treatment by the United States of America to the Union of Soviet Socialist Republics in accordance with the terms of said Agreement, and after the date on which a note from the Government of the United States of America is delivered to the Government of the Union of Soviet Socialist Republics stating that the Government of the United States has, accordingly, made available most-favored-nation treatment for the Union of Soviet Socialist Republics no less favorable than that provided in an Agreement between the Governments of the United States of America and the Union of Soviet Socialist Republics Regarding Trade signed on October 18, 1972, the balance of $674,000,000 in payment of lend lease accounts shall become due, and shall be paid, in accordance with the terms of the Agreement Between the Government of the United States of America and the Government of the Union of Soviet Socialist Republics Regarding Settlement of Lend Lease, Reciprocal Aid and Claims, signed October 18, 1972.

�