    [Public Papers of the Presidents of the United States: William J. Clinton (1994, Book II)]
    [September 19, 1994]
    [Pages 1579-1580]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Congress Transmitting the Jamaica-United States
    Investment Treaty
    September 19, 1994

    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 Jamaica Concerning the Reciprocal Encouragement and
    Protection of Investment, with Annex and Protocol, signed at Washington
    on February 4, 1994. Also transmitted for the information of the Senate
    is the report of the Department of State with respect to this Treaty.
        This bilateral investment Treaty with Jamaica is the second such
    Treaty between the United States and a member of the Caribbean Community
    (CARICOM). This Treaty will protect U.S. investors and assist Jamaica in
    its efforts to develop its economy by creating conditions more favorable
    for U.S. private investment and thus strengthening the development of
    the 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 associated
    with investments; freedom of investments from performance requirements;
    fair, equitable and most-favored-nation treatment; and the investor

    [[Page 1580]]

    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 and Protocol, at an early date.

                                                          William J. Clinton

    The White House,
    September 19, 1994.