[Congressional Record Volume 140, Number 133 (Wednesday, September 21, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: September 21, 1994]



        REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT 103-35

  Mr. CONRAD. Mr. President, as in executive session, I ask unanimous 
consent that the injunction of secrecy be removed from a treaty 
transmitted to the Senate on September 19, 1994, by the President of 
the United States: Treaty Between the United States of America and 
Jamaica Concerning the Reciprocal Encouragement of Protection of 
Investment, with Annex and Protocol (Treaty Document 103-35).
  I also ask that the treaty be considered as having been read the 
first time; that it be referred, with accompanying papers, to the 
Committee on Foreign Relations and ordered to be printed; and that the 
President's message be printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The message of the President is as follows:

To the Senate of the United States:
  With a view to receiving the advice and consent of the Senate to 
ratification, I transmit herewith the Treaty Between the United States 
of America and Jamaica Concerning the Reciprocal Encouragement and 
Protection of Investment, with Annex and Protocol, signed at Washington 
on February 4, 1994. Also transmitted for the information of the Senate 
is the report of the Department of State with respect to this Treaty.
  This bilateral investment Treaty with Jamaica is the second such 
Treaty between the United States and a member of the Caribbean 
Community [CARICOM]. This Treaty will protect U.S. investors and assist 
Jamaica in its efforts to develop its economy by creating conditions 
more favorable for U.S. private investment and thus strengthening the 
development of the private sector.
  The Treaty is fully consistent with U.S. policy toward international 
and domestic investment. A specific tenet of U.S. policy, reflected in 
this Treaty, is that U.S. investment abroad and foreign investment in 
the United States should receive national treatment. Under this Treaty, 
the Parties also agree to international law standards for expropriation 
and compensation for expropriation; free transfer of funds associated 
with investments; freedom of investments from performance requirements; 
fair, equitable and most-favored-nation treatment; and the investor or 
investment's freedom to choose to resolve disputes with the host 
government through international arbitration.
  I recommend that the Senate consider this Treaty as soon as possible, 
and give its advice and consent to ratification of the Treaty, with 
Annex and Protocol, at an early date.
                                                  William J. Clinton.  
  The White House, September 19, 1994.

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