    [Public Papers of the Presidents of the United States: William J. Clinton (1995, Book II)]
    [July 10, 1995]
    [Page 1070]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Senate Transmitting the Republic of Georgia-United States
    Investment Treaty
    July 10, 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
    Georgia Concerning the Encouragement and Reciprocal Protection of
    Investment, with Annex, signed at Washington on March 7, 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 Georgia was the eighth
    such treaty between the United States and a newly independent state of
    the former Soviet Union. The Treaty is designed to protect U.S.
    investment and assist the Republic of Georgia 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. 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 related to
    investments; freedom of investments from performance requirements; fair,
    equitable, and most-favored-nation treatment; and the investor of
    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, at an early date.

                                                          William J. Clinton

    The White House,

    July 10, 1995.