[Public Papers of the Presidents of the United States: George H. W. Bush (1992, Book I)]
[June 2, 1992]
[Pages 880-881]
[From the U.S. Government Publishing Office www.gpo.gov]



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

June 2, 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 Czech and Slovak Federal Republic Concerning the 
Reciprocal Encouragement and Protection of Investment, with Protocol and 
three related exchanges of letters, signed at Washington on October 22, 
1991. I transmit also, for the information of the Senate, the report of 
the Department of State with respect to this treaty.
    The treaty is an integral part of my initiative to strengthen 
economic relations with Central and East European countries. The treaty 
is designed to aid the growth of the private sector in the Czech and 
Slovak Federal Republic by protecting and thereby encouraging U.S. 
private investment. 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 should receive fair, equitable, and nondiscriminatory 
treatment. Under this treaty, the Parties also agree to international 
law standards for expropriation and 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

[[Page 881]]

of letters, at an early date.

                                                             George Bush

The White House,
June 2, 1992.