    [Weekly Compilation of Presidential Documents Volume 29, Number 3 (Monday, January 25, 1993)]
    [Pages 71-72]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Message to the Senate Transmitting the Bulgaria-United States Investment
    Treaty

     January 19, 1993

    To the Senate of the United States:

        With a view to receiving the advice and consent of the Senate to
    ratification, I trans-

    [[Page 72]]

    mit herewith the Treaty Between the United States of America and the
    Republic of Bulgaria Concerning the Encouragement and Reciprocal
    Protection of Investment, with Protocol and related exchange of letters,
    signed at Washington on September 23, 1992. I transmit also, for the
    information of the Senate, the report of the Department of State with
    respect to this Treaty.
        The Treaty will help to encourage U.S. private sector involvement in
    the Bulgarian economy by establishing a favorable legal framework for
    U.S. investment in Bulgaria. The Treaty is fully consistent with U.S.
    policy toward international 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 expropriation compensation; free
    transfers of funds associated with investments; and the option of the
    investor 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.
                                                      George Bush,
    The White House,
    January 19, 1993.

    Note: This message was released by the Office of the Press Secretary on
    January 20.