[Congressional Record Volume 142, Number 26 (Thursday, February 29, 1996)]
[Senate]
[Pages S1469-S1470]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 REMOVAL OF INJUNCTION OF SECRECY--INVESTMENT TREATY WITH UZBEKISTAN, 
                         TREATY DOCUMENT 104-25

  Mr. WARNER. Mr. President, as in executive session, I ask unanimous 
consent that the injunction of secrecy be removed from the following 
treaty transmitted to the Senate on February 28, 1996, by the President 
of the United 

[[Page S1470]]
States: Investment Treaty with Uzbekistan, Treaty Document No. 104-25.
  I further ask unanimous consent 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 Government of 
the United States of America and the Government of the Republic of 
Uzbekistan Concerning the Encouragement and Reciprocal Protection of 
Investment, with Annex, signed at Washington on December 16, 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 Uzbekistan is designed to 
protect U.S. investment and assist the Republic of Uzbekistan 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'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, at an early date.
                                                  William J. Clinton.  
  The White House, February 28, 1996.

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