    [Public Papers of the Presidents of the United States: William J. Clinton (1995, Book II)]
    [July 11, 1995]
    [Page 1075]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Senate Transmitting the Trinidad and Tobago-United States
    Investment Treaty
    July 11, 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 Government of
    the United States of America and the Government of the Republic of
    Trinidad and Tobago Concerning the Encouragement and Reciprocal
    Protection of Investment, with Annex and Protocol, signed at Washington
    on September 26, 1994. I transmit also for the information of the
    Senate, the report of the Department of State with respect to this
    Treaty.
        The bilateral investment Treaty (BIT) with Trinidad and Tobago is
    the third such treaty between the United States and a member of the
    Caribbean Community (CARICOM). The Treaty will protect U.S. investment
    and assist the Republic of Trinidad and Tobago in its efforts to develop
    its economy by creating conditions more favorable for U.S. private
    investment and thus strengthen the development of its private sector.
        The Treaty is fully consistent with U.S. polity 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 related to
    investments; freedom of investments from performance requirements; fair,
    equitable, and most-favored-nation treatment; and the investor 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,

    July 11, 1995.