[Public Papers of the Presidents of the United States: George H. W. Bush (1992, Book I)]
[July 28, 1992]
[Pages 1198-1199]
[From the U.S. Government Publishing Office www.gpo.gov]



Message to the Senate Transmitting the Russia-United States Investment 
Treaty

July 28, 1992
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 the Russian Federation Concerning the Encouragement and 
Reciprocal Protection of Investment, with Protocol and related exchanges 
of letters, signed at Washington on June 17, 1992. I transmit also, for 
the information of the Senate, the report of the Department of State 
with respect to this treaty.
    This treaty creates a favorable legal framework for U.S. investment 
in Russia. By adopting the treaty's high standards for protection of 
U.S. investment, Russia seeks to encourage the U.S. private sector to 
invest in Russia. For the United States Government, the treaty serves 
the goals of aiding Russia's transition to a market economy and of 
strengthening our bilateral economic ties.
    In addition, the treaty is fully consistent with U.S. policy toward 
international investment. A specific tenet, reflected in this treaty, is 
that U.S. investment abroad and foreign investment in the United States

[[Page 1199]]

should receive fair, equitable, and nondiscriminatory treatment. Under 
this treaty, the Parties also agree to international law standards for 
expropriation and expropriation compensation; free transfers of funds 
associated with investments; and the option of the investor 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 protocol and related exchanges of letters, at an early date.

                                                             George Bush

The White House,
July 28, 1992.