01 December 1998
TEXT: PRESIDENTIAL DETERMINATION ON INDIA, PAKISTAN
(President waives sanctions and prohibitions) (300) Washington -- President Clinton December 1 sent to the Secretary of State a determination waiving until October 21, 1999, sanctions and prohibitions with respect to India and Pakistan. Following is the text of Presidential Determination No. 99-7: (Begin text) THE WHITE HOUSE Office of the Press Secretary 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 prohibitions 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 otherwise 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 international 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 (End text)
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