    [Public Papers of the Presidents of the United States: William J. Clinton (1995, Book I)]
    [June 26, 1995]
    [Page 953]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Senate Transmitting the Mongolia-United States
    Investment Treaty
    June 26, 1995

    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 Mongolia Concerning the Encouragement and Reciprocal
    Protection of Investment, with Annex and Protocol, signed at Washington
    on October 6, 1994. Also transmitted for the information of the Senate
    is the report of the Department of State with respect to the Treaty,
    with Annex and Protocol.
        The bilateral investment Treaty (BIT) with Mongolia will protect
    U.S. investors and assist Mongolia 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's
    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,

    June 26, 1995.