[Congressional Record Volume 146, Number 65 (Tuesday, May 23, 2000)]
[Senate]
[Pages S4329-S4330]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NOS. 106-25 THROUGH 
                                 106-31

  Mr. ALLARD. Mr. President, as in executive session, I ask unanimous 
consent that the Injunction of Secrecy be removed from the following 
treaties transmitted to the Senate on May 23, 2000, by the President of 
the United States: Investment Treaty with Bahrain (Treaty Document No. 
106-25); Investment Treaty with Bolivia (Treaty Document No. 106-26); 
Investment Treaty with Honduras (Treaty Document No. 106-27); 
Investment Treaty with El Salvador (Treaty Document No. 106-28); 
Investment Treaty with Croatia (Treaty Document No. 106-29); Investment 
Treaty with Jordan (Treaty Document No. 106-30); Investment Treaty with 
Mozambique (Treaty Document No. 106-31).
  Further, I ask unanimous consent that the treaties be considered as 
having been read for the first time, that they be referred with 
accompanying papers to the Committee on Foreign Relations and ordered 
to be printed, and 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 of 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 State of Bahrain 
Concerning the Encouragement and Reciprocal Protection of Investment, 
with Annex, signed at Washington on September 29, 1999. 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 Bahrain is the third such 
treaty between the United States and a Middle Eastern country. The 
Treaty will protect U.S. investment and assist Bahrain 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 customary international law standards for 
expropriation. The Treaty includes detailed provisions regarding the 
computation and payment of prompt, adequate, and effective compensation 
for expropriation; free transfer of funds related to investments; 
freedom of investments from specified performance requirements; fair, 
equitable, and most-favored-nation treatment; and the investor'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 at an 
early date.
                                                  William J. Clinton.  
The White House, May 23, 2000.
                                  ____

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 
Bolivia Concerning the Encouragement and Reciprocal Protection of 
Investment, with Annex and Protocol, signed at Santiago, Chile, on 
April 17, 1998, during the Second Presidential Summit of the Americas. 
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 Bolivia is the sixth such 
treaty between the United States and a Central or South American 
country. The Treaty will protect U.S. investment and assist Bolivia 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 customary international law standards for 
expropriation. The Treaty includes detailed provisions regarding the 
computation and payment of prompt, adequate, and effective compensation 
for expropriation; free transfer of funds related to investments; 
freedom of investments from specified performance requirements; fair, 
equitable, and most-favored-nation treatment; and the investor'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 at an 
early date.
                                                   William J. Clinton. 
The White House, May 23, 2000.
                                  ____

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 
Honduras Concerning the Encouragement and Reciprocal Protection of 
Investment, with Annex and Protocol, signed at Denver on July 1, 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 Honduras is the fourth 
such Treaty with a Central or South American country. The Treaty will 
protect U.S. investment and assist Honduras 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. The Treaty includes detailed provisions regarding the 
computation and payment of prompt, adequate, and effective compensation 
for expropriation; free transfer of funds related to investments; 
freedom of investments from specified performance requirements; fair, 
equitable, and most-favored-nation treatment; and the investor'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, May 23, 2000.
                                  ____

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 El 
Salvador Concerning the Encouragement and Reciprocal Protection of 
Investment, with Annex and Protocol, signed at San Salvador on March 
10, 1999. 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 El Salvador is the seventh 
such treaty with a Central or South American country. The Treaty will 
protect U.S. investment and assist El Salvador in its efforts to 
develop its

[[Page S4330]]

economy by creating conditions more favorable for U.S. private 
investment and thereby strengthening 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 customary international law standards for 
expropriation. The Treaty includes detailed provisions regarding the 
computation and payment of prompt, adequate, and effective compensation 
for expropriation; free transfer of funds related to investments; 
freedom of investments from specified performance requirements; fair, 
equitable, and most-favored-nation treatment; and the investor'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 at an 
early date.
                                                  William J. Clinton.  
The White House, May 23, 2000.
                                  ____

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 
Croatia Concerning the Encouragement and Reciprocal Protection of 
Investment, with Annex and Protocol, signed at Zagreb on July 13, 1996. 
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 Croatia was the fourth 
such treaty between the United States and a Southeastern European 
country. The Treaty will protect U.S. investment and assist Croatia 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 customary international law standards for 
expropriation. The Treaty includes detailed provisions regarding the 
computation and payment of prompt, adequate, and effective compensation 
for expropriation; free transfer of funds related to investments; 
freedom of investments from specified performance requirements; fair, 
equitable, and most-favored-nation treatment; and the investor'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 at an 
early date.
                                                  William J. Clinton.  
The White House, May 23, 2000.
                                  ____

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 Hashemite 
Kingdom of Jordan Concerning the Encouragement and Reciprocal 
Protection of Investment, with Annex and Protocol, signed at Amman on 
July 2, 1997. 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 Jordan was the second such 
treaty between the United States and a country in the Middle East. The 
Treaty will protect U.S. investment and assist Jordan 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 customary international law standards for 
expropriation. The Treaty includes detailed provisions regarding the 
computation and payment of prompt, adequate, and effective compensation 
for expropriation; free transfer of funds related to investments; 
freedom of investments from specified performance requirements; fair, 
equitable, and most-favored-nation treatment; and the investor'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 at an 
early date.
                                                  William J. Clinton.  
The White House, May 23, 2000.
                                  ____

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 Mozambique 
Concerning the Encouragement and Reciprocal Protection of Investment, 
with Annex and Protocol, signed at Washington on December 1, 1998. 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 Mozambique is the first 
such treaty between the United States and a country in Southern Africa. 
The Treaty will protect U.S. investment and assist Mozambique 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 customary international law standards for 
expropriation. The Treaty includes detailed provisions regarding the 
computation and payment of prompt, adequate, and effective compensation 
for expropriation; free transfer of funds related to investments; 
freedom of investments from specified performance requirements; fair, 
equitable, and most-favored-nation treatment; and the investor'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 at an 
early date.
                                                  William J. Clinton.  
The White House, May 23, 2000.

                          ____________________