[Weekly Compilation of Presidential Documents Volume 31, Number 26 (Monday, July 3, 1995)]
[Page 1137]
[Online from the Government Publishing Office, www.gpo.gov]

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

June 26, 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 United States 
of America and Mongolia Concerning the Encouragement and Reciprocal 
Protection of Investment, with Annex and Protocol, signed at Washington 
on October 6, 1994. Also transmitted for the information of the Senate 
is the report of the Department of State with respect to the Treaty, 
with Annex and Protocol.
    The bilateral investment Treaty (BIT) with Mongolia will protect 
U.S. investors and assist Mongolia 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's 
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,
June 26, 1995.