PROCLAMATION 6577^JULY 2, 1993
107 STAT. 2691
Article XVI—Entry into Force, Term, Suspension and Termination
1. This Agreement (including its side letters, which are an integral part
of the Agreement) shall enter into force upon an exchange of diplomatic notes in which the Parties notify each other that all necessary
legal requirements for entry into force have been fulfilled, and shall remain in force as provided in paragraphs 3 and 4 of this Article.
2. This Agreement shall, upon entry into force, supercede in all respects the Agreement on Trade Relations Between the United States of
America and the Socialist Republic of Romania, done on April 2, 1975,
and the Agreement Suspending Mutual Application of Most Favored
Nation Tariff Treatment Under the Trade Agreement of April 2, 1975,
done on June 22, 1988, which agreements shall have no further force
or effect.
3. (a) The initial term of this Agreement shall be three years, subject
to subparagraph (b) and (c) of this paragraph.
(b) If either Party encounters or foresees a problem concerning its
domestic legal authority to carry out any of its obligations under this
Agreement, such Party shall request immediate consultations with the
other Party. Once consultations have been requested, the other Party
shall enter into such consultations as soon as possible concerning the
circumstances that have arisen with a view to finding a solution to
avoid action under subparagraph (c).
(c) If either Party does not have domestic legal authority to carry out
its obligations under this Agreement, either Party may suspend the application of this Agreement or, with the agreement of the other Party,
any part of this Agreement. In that event, the Parties will, to the fullest
extent practicable and consistent with domestic law, seek to minimize
disruption to existing trade relations between the two countries.
4. This Agreement shall be extended for successive terms of three years
each unless either Party has given written notice to the other Party of
its intent to terminate this Agreement at least 30 days prior to the expiration of the then current term.
IN WITNESS WHEREOF, the undersigned, being duly authorized, have
signed this Agreement.
DONE at Bucharest on this 3rd day of April 1992, in duplicate, in the
English and the Romanian languages, both texts being equally authentic.
FOR THE GOVERNMENT OF THE
FOR THE GOVERNMENT
UNITED STATES OF AMERICA:
OF ROMANIA:
John R. Davis, Jr.
Constantin Fota
Bucharest, April 3, 1992.
The Honorable Constantin Fota,
Minister of Commerce and Tourism
Romania
Dear Mr. Minister,
I have the honor to confirm receipt of your letter that reads as follows:
�
