The President is authorized and encouraged to establish American Business Centers in the independent states of the former Soviet Union receiving assistance under chapter 11 of part I of the Foreign Assistance Act of 1961 [
22 U.S.C.
2295 et seq.] where the President determines that such centers can be cost-effective in promoting the objectives described in section 498 of that Act [
22 U.S.C.
2295] and United States economic interests and in establishing commercial partnerships between the people of the United States and the peoples of the independent states.