Expressing the sense of the Congress that the United States should expand trade opportunities with Mongolia by initiating negotiations to enter into a free trade agreement with Mongolia.

Whereas Mongolia rejected 1-party Communist rule and embarked on democratic and free-market reforms in 1990;

Whereas these reforms included privatizing state enterprises, lifting price controls, and instituting fiscal discipline;

Whereas presidential and legislative elections have been held, with extremely high voter turnout, since 1996;

Whereas Mongolia remains steadfastly committed to greater economic reforms;

Whereas Mongolia has been a member of the World Trade Organization since 1997;

Whereas in 1999 the United States provided permanent normal trade relations treatment to the products of Mongolia;

Whereas the United States and Mongolia signed a bilateral Trade and Investment Framework Agreement (TIFA) in 2004;

Whereas bilateral trade between the United States and Mongolia in 2004 was valued at more than $267,000,000;

Whereas Mongolia has been an early political and logistical supporter of the global war on terror, contributing troops, engineers, and medical personnel to Operation Iraqi Freedom since April 2003, offering overflight clearances for United States forces, and participating in training artillery units of the Afghan National Army;

Whereas on August 6, 2002, the President signed into law H.R. 3009 (Public Law 107–210), the Trade Act of 2002, which provides for an expedited procedure for congressional consideration of international trade agreements; and

Whereas workers, consumers, business owners, and investors benefit substantially from expanding and diversifying trade opportunities by reducing tariff and nontariff barriers to trade: Now, therefore, be it