    [Public Papers of the Presidents of the United States: William J. Clinton (1993, Book II)]
    [September 10, 1993]
    [Page 1468]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Senate Transmitting the Ecuador-United States Investment
    Treaty
    September 10, 1993

    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 Republic of Ecuador Concerning the Encouragement and
    Reciprocal Protection of Investment, with Protocol and related exchange
    of letters, signed at Washington on August 27, 1993. Also transmitted
    for the information of the Senate is the report of the Department of
    State with respect to this Treaty.
        This is the first bilateral investment treaty with an Andean Pact
    country, and the second such Treaty signed with a South American
    country. The Treaty is designed to protect U.S. investment and encourage
    private sector development in Ecuador, and support the economic reforms
    taking place there. The Treaty's approach to dispute settlement will
    serve as a model for negotiations with other Andean Pact countries.
        The Treaty is fully consistent with U.S. policy toward international
    and domestic 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 for expropriation, free transfers of
    funds associated with investments, freedom of investments from
    performance requirements, 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 Protocol and related exchange of letters, at an early date.

                                                          William J. Clinton

    The White House,
    September 10, 1993.