[Congressional Record Volume 141, Number 110 (Monday, July 10, 1995)]
[Senate]
[Pages S9637-S9638]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NOS. 104-12 AND 104-
                                   13

  Mr. HATCH. As in executive session, I ask unanimous consent that the 
injunction of secrecy be removed from the Investment Treaty with Latvia 
(Treaty Document No. 104-12) and the Investment Treaty with Georgia 
(Treaty Document No. 104-13) transmitted to the Senate by the President 
on July 10, 1995; and the treaties considered as having been read the 
first time; referred, with accompanying papers, to the Committee on 
Foreign Relations and ordered to be printed; and ordered that the 
President's messages be printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The messages of the President are 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 Government of 
the United States of America and the Government of the Republic of 
Latvia Concerning the Encouragement and Reciprocal Protection of 
Investment, with Annex and Protocol, signed at Washington on January 
13, 1995. I transmit also, for the information of the Senate, the 
report of the Department of State with respect to this Treaty.
  The bilateral investment Treaty (BIT) with Latvia will protect U.S. 
investors and assist Latvia 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's 
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, July 10, 1995.
                                                                    ____

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 
Georgia Concerning the Encouragement and Reciprocal Protection of 
Investment, with Annex, signed at Washington on March 7, 1994. I 
transmit also, for the information of the Senate, the report of the 
Department of State with respect to this Treaty.
  The bilateral investment Treaty (BIT) with Georgia was the eighth 
such treaty between the United States and a newly independent state of 
the former Soviet Union. The Treaty is designed to protect U.S. 
investment and assist the Republic of Georgia in its efforts to develop 
its economy by creating conditions more favorable for U.S. private 
investment and thus strengthen the development of its private sector. 

[[Page S 9638]]

  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 expropration; free transfer of funds related to 
investments; freedom of investments from performance requirements; 
fair, equitable, and most-favored-nation treatment; and the investor of 
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, July 10, 1995.
  

                          ____________________