President Bush should extend the waiver, and seek a waiver of Title IV.

Next Tuesday the Clinton administration's waiver of Title III of the Helms-Burton Act will expire.

It seems unlikely, despite the Commissioner's optimism, that the United States Congress will agree to waivers of Titles 3 and 4 without any change of political control, if one takes into account the statements of Jesse Helms.

The understanding presupposes the continued waiver of Title 3 of the Helms-Burton Act and also that Congress will amend Helms-Burton to permit a presidential waiver of Title 4.

Any deal would have to lead to Congress adopting the legislative amendments to permit a waiver of Title 4 of the Helms-Burton Act; and the United States' Administration would also have to grant a multilateral regime waiver under the D'Amato Act.