[Weekly Compilation of Presidential Documents Volume 29, Number 36 (Monday, September 13, 1993)]
[Pages 1707-1708]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Message to the Congress Transmitting the Moldova-    United States 
Investment Treaty

 September 7, 1993

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 the Republic of Moldova Concerning the Encouragement and 
Reciprocal Protection of Investment, with Protocol and related exchange 
of letters, signed at Washington on April 21, 1993. Also transmitted for 
the information of the Senate is the report of the Department of State 
with respect to this Treaty.
    The Treaty will establish an agreed-upon legal basis for the 
protection and encouragement of investment. This Treaty thus forms an 
integral part of the framework for expanding trade and investment 
relations between the United States and the countries of the former 
Soviet Union. It is designed to encourage economic opportunity--
including investment, trade, and growth--in both countries. It will 
assist Moldova in its transition to a market economy by strengthening 
the role of the private sector and by encouraging appropriate 
macroeconomic and structural policies.
    The Treaty is fully consistent with U.S. policy toward international 
and domestic 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 compensation for expropriation, free transfers of 
funds associated with investments, freedom of investments from 
performance requirements, and the investor'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

[[Page 1708]]

and consent to ratification of the Treaty, with Protocol and related 
exchange of letters, at an early date.
                                            William J. Clinton
The White House,
September 7, 1993.

Note: This message was released by the Office of the Press Secretary on 
September 8.