[Weekly Compilation of Presidential Documents Volume 30, Number 38 (Monday, September 26, 1994)]
[Page 1808]
[Online from the Government Publishing Office, www.gpo.gov]

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

September 19, 1994

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 Jamaica Concerning the Reciprocal Encouragement and 
Protection of Investment, with Annex and Protocol, signed at Washington 
on February 4, 1994. Also transmitted for the information of the Senate 
is the report of the Department of State with respect to this Treaty.
    This bilateral investment Treaty with Jamaica is the second such 
Treaty between the United States and a member of the Caribbean Community 
(CARICOM). This Treaty will protect U.S. investors and assist Jamaica 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 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,
September 19, 1994.