402


eff ects of any such toll adjustment on the trade patterns of the two Parties shall be given full consideration, including consideration of the following factors:
 "(1) the costs ;of operating and maintaining the Panama Canal;
 "(2) the competitive 'position of the use of the Canal in relation to; other means of transportation;
 (3) the interests of both Parties in maintaining their domestic fleets;
 (4) the impact of such an adjustment on the various geographical areas -of each of the two Parties; and
 (5) the interest -of 'both Parties in maximizing their international commerce.
The United States and the Republic of Panama shall cooperate in exchangring information necessary for the consideration of such factors,. in a manner consistent with the regime of neutrality.
 Vote on the undler standing, M\arch 15, 1978 (Congressional Record, S 3742) .-The understanding, as modified, was adopted by a voice vote.,

 Reservation No. 4 (Bartlett), March 16, 1978 (Congressional Record, S,3812) -Tabled 60-37.
 Swnmary. Provided that prior to the exchange of the instrument s of ratification, the President of the United States would have to determine that Panama had ratified the Treaty, as amended, in accordance with its constitutional processes, including the process prescribed in Article 274 of the Panamanian constitution. The specified article of Panama's constitution requires that treaties regarding the Panama Canal, the Canal Zone, the construction of a sea-level canal, or a third set, of locks be submitted to a national plebiscite.
 Text.-Bef ore the period at the end of the resolution of ratification,, insert a comma and the following: "subject to the reservation that before the date of the exchange of the- instruments of ratification the President shall have determined that the Republic of Panama has ratified the Treaty, as -amended, in accordance with its constitutional processes, including the process required by -the provisions of Article. 274 of -the Constitution of the Republic of Panama"'.