The White House Briefing Room
December 1, 1998
Presidential Determination No. 99-7
THE WHITE HOUSE
Office of the Press Secretary
For Immediate Release December
1, 1998
December 1, 1998
Presidential Determination
No. 99-7
MEMORANDUM FOR THE SECRETARY OF STATE
SUBJECT: Pakistan and India
Pursuant to the authority vested in me as President of the United States,
including under section 902 of the India-Pakistan Relief Act of 1998
(Public Law 105-277), to the extent provided in that section, I hereby
waive until October 21, 1999, the sanctions and prohi-bitions contained
in section 101 and 102 of the Arms Export Control Act, section 620E(e) of
the Foreign Assistance Act of 1961, and section 2(b)(4) of the
Export-Import Bank Act of 1945, insofar as such sanctions and
prohibitions would other-wise apply to activities of the Export-Import
Bank, the Overseas Private Investment Corporation, and the Trade and
Development Agency with respect to Pakistan and India; assistance to
Pakistan and India under the "International Military Education and
Training" program; the making of any loan or the providing of any credit
to the Government of India or the Government of Pakistan by any U.S.
bank; and the extension of any loan or financial or technical assistance
to Pakistan by any inter-national financial institution in support of the
assistance program that Pakistan is negotiating with the International
Monetary Fund.
You are hereby authorized and directed to report this determination to
the Congress and to arrange for its publication in the Federal Register.
WILLIAM J. CLINTON
30-30-30
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