83 FR 23327 - Notice of Termination of United States-Ecuador Bilateral Investment Treaty

DEPARTMENT OF STATE
OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE

Federal Register Volume 83, Issue 97 (May 18, 2018)

The Government of Ecuador has delivered to the United States a notice of termination for the bilateral investment treaty between the two countries. As a result, the treaty terminates as of May 18, 2018, except that it will continue to apply for another 10 years to investments made or acquired prior to the date of termination (May 18, 2018) and to which the treaty otherwise applies.

[Federal Register Volume 83, Number 97 (Friday, May 18, 2018)]
[Notices]
[Page 23327]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-10659]


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DEPARTMENT OF STATE

OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE

[Public Notice 10418]


Notice of Termination of United States-Ecuador Bilateral 
Investment Treaty

ACTION: Notice of termination.

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SUMMARY: The Government of Ecuador has delivered to the United States a 
notice of termination for the bilateral investment treaty between the 
two countries. As a result, the treaty terminates as of May 18, 2018, 
except that it will continue to apply for another 10 years to 
investments made or acquired prior to the date of termination (May 18, 
2018) and to which the treaty otherwise applies.

FOR FURTHER INFORMATION CONTACT: Pamela Phan, Senior Treaty Negotiator, 
Office of Investment Affairs at the Department of State, at 
[email protected] or (202) 736-4246, or Lauren Mandell, Deputy Assistant 
U.S. Trade Representative for Investment at the Office of the U.S. 
Trade Representative, at [email protected] or (202) 395-
9444.

SUPPLEMENTARY INFORMATION: Ecuador delivered a notice dated May 18, 
2017, that it was terminating the ``Treaty between the United States of 
America and the Republic of Ecuador Concerning the Encouragement and 
Reciprocal Protection of Investment'' (``the Treaty''). Pursuant to the 
terms of the Treaty, termination takes effect one year from the date of 
that notice.
    The Treaty was signed at Washington on August 27, 1993, and entered 
into force on May 11, 1997. Under the terms of the Treaty, either Party 
may terminate the Treaty at the end of the initial ten-year period, or 
any time thereafter, by giving one year's written notice to the other 
Party. The provisions of the Treaty will continue to apply for an 
additional 10 years to all investments made or acquired prior to the 
date of termination and to which the Treaty otherwise applies. The 
Treaty provides protections to cross-border investment between the two 
countries and the option to resolve investment disputes through 
international arbitration. The Department of State and the Office of 
the U.S. Trade Representative, which co-lead the U.S. bilateral 
investment treaty program, are providing this notice so that existing 
or potential U.S. investors in Ecuador can factor the termination of 
the Treaty into their business planning, as appropriate.

Pamela Phan,
Senior Treaty Negotiator and Advisor, Office of Investment Affairs, 
Department of State.
Lauren Mandell,
Deputy Assistant U.S. Trade Representative, Office of the U.S. Trade 
Representative.
[FR Doc. 2018-10659 Filed 5-17-18; 8:45 am]
 BILLING CODE 4710-AE-P