[Congressional Record Volume 141, Number 111 (Tuesday, July 11, 1995)]
[Senate]
[Page S9725]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


      REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NO. 104-14

  Mrs. HUTCHISON. Mr. President, as in executive session, I ask 
unanimous consent that the Injunction of Secrecy be removed from the 
Investment Treaty with Trinidad and Tobago (Treaty Document No. 104-
14), transmitted to the Senate by the President on July 11, 1995; that 
the treaty be considered as having been read for the first time, 
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 President's message 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 Government of 
the United States of America and the Government of the Republic of 
Trinidad and Tobago Concerning the Encouragement and Reciprocal 
Protection of Investment, with Annex and Protocol, signed at Washington 
on September 26, 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 Trinidad and Tobago is the 
third such treaty between the United States and a member of the 
Caribbean Community (CARICOM). The Treaty will protect U.S. investment 
and assist the Republic of Trinidad and Tobago 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.
  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 related to 
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, July 11, 1995.
  

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