[Congressional Record Volume 140, Number 137 (Tuesday, September 27, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: September 27, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
  REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT 103-37 AND TREATY 
                            DOCUMENT 103-38

  Mr. METZENBAUM. Mr. President, as in executive session, I ask 
unanimous consent that the injunction of secrecy be removed from two 
treaties transmitted to the Senate on September 26, 1994, by the 
President of the United States:
  Treaty Between the United States of America and Ukraine Concerning 
the Encouragement and Reciprocal Protection of Investment, with Annex, 
and related exchange of letters, done at Washington on March 4, 1994. 
(Treaty Document 103-37);
  Treaty Between the Government of the United States of America and the 
Government of the Republic of Estonia Concerning the Encouragement and 
Reciprocal Protection of Investment, with Annex, done at Washington on 
April 19, 1994. (Treaty Document 103-38);
  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.

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 Government of 
the United States of America and the Government of the Republic of 
Estonia for the Encouragement and Reciprocal Protection of Investment, 
with Annex, done at Washington on April 19, 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 Estonia is the first such 
Treaty between the United States and a Baltic state. This Treaty will 
protect U.S. investors and assist the Republic of Estonia 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, at an early date.
                                                  William J. Clinton.  
  The White House, September 26, 1994.
                                  ____

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 Ukraine Concerning the Encouragement and Reciprocal 
Protection of Investment, with Annex and related exchange of letters, 
done at Washington on March 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 Ukraine is the seventh such 
Treaty between the United States and a newly independent state of the 
former Soviet Union. This Treaty will protect U.S. investors and assist 
Ukraine 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 related exchange of letters at an early date.
                                                  William J. Clinton.  
  The White House, September 26, 1994.

                          ____________________