[Weekly Compilation of Presidential Documents Volume 31, Number 36 (Monday, September 11, 1995)]
[Pages 1510-1511]
[Online from the Government Publishing Office, www.gpo.gov]

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

September 6, 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 
Albania Concerning the Encouragement and Reciprocal Protection of 
Investment, with Annex and Protocol, signed at Washington on January 11, 
1995. 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 Albania will protect U.S. 
investment and assist the Republic of Albania 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's or 
investment's freedom to choose to resolve disputes with the host 
government through international arbitration.

[[Page 1511]]

    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 6, 1995.