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![handle is hein.usccsset/usconset50082 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION
Op
104TH CONGRESS SEAT EXEC. REPT.
2d Session SENATE 104-11
TREATY BETWEEN THE UNITED STATES OF AMERICA AND
JAMAICA CONCERNING THE RECIPROCAL ENCOURAGE-
MENT AND PROTECTION OF INVESTMENT
JUNE 20, 1996.-Ordered to be printed
Mr. HELMS, from the Committee on Foreign Relations,
submitted the following
REPORT
[To accompany Treaty Doc. 103-35]
The Committee on Foreign Relations to which was referred The
Treaty Between the United States of America and Jamaica Con-
cerning the Reciprocal Encouragement and Protection of Invest-
ment, with Annex and Protocol, signed at Washington on February
4, 1994, having considered the same, reports favorably thereon
without amendment and recommends that the Senate give its ad-
vice and consent to ratification thereof as set forth in this report
and the accompanying resolution of ratification.
I. PURPOSE
The principal purposes for entering into a bilateral investment
treaty (BIT) are to: protect U.S. investment abroad where U.S. in-
vestors do not have other agreements on which to rely for protec-
tion, encourage adoption of market-oriented domestic policies that
treat private investment fairly, and support the development of
legal standards consistent with the objectives of U.S. investors. The
BIT, therefore, is intended to ensure that United States direct in-
vestment abroad and foreign investment in the United States re-
ceive fair, equitable and nondiscriminatory treatment.
II. BACKGROUND
The proposed treaty together with the proposed annex and proto-
col, was signed on February 4, 1994. No bilateral investment treaty
is currently in force between the United States and Jamaica.
The proposed treaty, annex, and protocol were transmitted to the
Senate for advice and consent to ratification on September 27, 1994
29-115](ViewImageLocal?handle=hein.usccsset/usconset50082&div=1&collection=&method=preview&ext=.png&size=3)