Sign in Subscribe
Clinton, Bill

US and Belarus Sign Investment Treaty to Foster Economic Growth

Strategic Insights

— 1 min read

In a bid to promote economic development and protect American investors in Belarus, President Bill Clinton has transmitted the Treaty Between the United States of America and the Republic of Belarus Concerning the Encouragement and Reciprocal Protection of Investment to the Senate for advice and consent. This bilateral investment treaty, signed on January 15, 1994, aims to create favorable conditions for US private investment in Belarus, strengthening the country's economic sector.

Key Takeaways:

  • The treaty marks the sixth such agreement between the US and a newly independent state of the former Soviet Union.
  • The treaty will provide protection to American investors, including national treatment, free transfer of funds, and freedom from performance requirements.
  • The treaty also sets international law standards for expropriation and compensation, ensuring fair and equitable treatment of investments.
  • The treaty is fully consistent with US policy toward international and domestic investment, reflecting a commitment to national treatment and international law standards.
  • The treaty has been transmitted to the Senate with Annex, Protocol, and related exchange of letters, as well as a report from the Department of State.
  • The treaty is seen as an important step in fostering economic growth in Belarus and promoting US investment in the country.
  • The treaty joins six similar agreements between the US and newly independent states of the former Soviet Union.

Statistics:

  • The treaty was signed on January 15, 1994.
  • The treaty is the sixth of its kind between the US and a newly independent state of the former Soviet Union.
  • The treaty covers the Encouragement and Reciprocal Protection of Investment.
  • The treaty includes Annex, Protocol, and related exchange of letters.
  • The treaty has been transmitted to the Senate with a report from the Department of State.

Sources:

  • Treaty Between the United States of America and the Republic of Belarus Concerning the Encouragement and Reciprocal Protection of Investment, with Annex, Protocol, and related exchange of letters, signed at Minsk on January 15, 1994.
  • Report of the Department of State with respect to this Treaty.
  • Address of President Bill Clinton to the Senate of the United States, September 23, 1994.

Read more