Message From the President to the Senate: Treaty with the Republic of Azerbaijan (9/12/00)
                              THE WHITE HOUSE

                       Office of the Press Secretary

For Immediate Release                         September 12, 2000


     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 Azerbaijan
Concerning the Encouragement and Reciprocal Protection of Investment, with
Annex, signed at Washington on August 1, 1997, together with an amendment
to the Treaty set forth in an exchange of diplomatic notes dated August 8,
2000, and August 25, 2000.  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 Azerbaijan is the fourth
such treaty signed between the United States and a Transcaucasian or
Central Asian country.  The Treaty will protect U.S. investment and assist
Azerbaijan in its efforts to develop its economy by creating conditions
more favorable for U.S. private investment and thereby strengthening the
development of its private sector.

     The Treaty furthers the objectives of 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 customary international law standards for
expropriation.  The Treaty includes detailed provisions regarding the
computation and payment of prompt, adequate, and effective compensation for
expropriation; free transfer of funds related to investments; freedom of
investments from specified performance requirements;
fair, equitable, and most-favored-nation treatment; 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 and consent to ratification of the Treaty at an early

                              WILLIAM J. CLINTON

    September 12, 2000.

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