S. 1916: Hearing Before the Committee on Foreign Relations, United States Senate, Ninety-sixth Congress, Second Session, on S. 1916, a Bill to Authorize Operations by the Overseas Private Investment Corporation [OPIC] in the People's Republic of China, March 3, 1980 |
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amended American investments arbitration board authorize operations believe bilateral agreement billion board in China businessman Chairman Chinese arbitrators Chinese Government COFACE commercial codes Committee on Foreign Communist country competition Congress coverage developing countries developing nations domestic economic Eximbank expropriation financial capital Foreign Assistance Act foreign exchange foreign investment Foreign Relations Foreign Trade Council FRANK CHURCH increase industry insurance and finance Investment Corporation OPIC investment insurance investments in China Japan joint venture agreement joint venture law legislation LLEWELLYN MEISSNER ment National Foreign Trade national interest negotiate operation of OPIC OPIC insurance OPIC's opportunity Overseas Private Investment partners People's Republic percent political risk insurance potential Private Investment Corporation private sector productivity projects Republic of China Romania Rong Yiren Senator JAVITS Senator PELL Senator PERCY subrogation Taiwan Thank third party selected tion U.S. companies U.S. firms U.S. interest U.S. investors United Yugoslavia
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Page 3 - Act unless the President finds and promptly reports to Congress that: (1) such assistance is vital to the security of the United States; (2) the recipient country is not controlled by the international Communist conspiracy; and (3) such assistance will further promote the independence of the recipient country from international communism. For the purposes of this subsection, the phrase "Communist country...
Page 27 - China or a bank approved by the Bank of China. A joint venture shall conduct its foreign exchange transactions in accordance with the Foreign Exchange Regulations of the People's Republic of China. A joint venture may, in its business operations, obtain funds from foreign banks directly. The insurances appropriate to a joint venture shall be furnished by Chinese insurance companies.
Page 16 - No assistance may be provided under this part to the government of any country which engages in a consistent pattern of gross violations of internationally recognized human rights...
Page 2 - Bt, followed by a panel of private individuals representing various arities and other nonprofit organizations. [Text of S. 2141 follows:] (1) 96TH CONGRESS IST SESSION S.2141 To establish priorities in the payment of claims against the People's Republic of China. IN THE SENATE OF THE UNITED STATES DECEMBEB 17 (legislative day, DECEMBER 15), 1979 Mr.
Page 3 - Mr. Chairman and members of the committee, we appreciate this opportunity to present our views and urge your approval of this agreement.
Page 26 - Act of 1961, to authorize operations by the Overseas Private Investment Corporation in the People's Republic of China.
Page 3 - ... to waive the restriction against the availability of all forms of assistance under the act to the People's Republic of China. The presently proposed legislation would, therefore, allow the President to place the People's Republic of China in the same category as Romania and Yugoslavia in regard to the availability of OPIC programs. Once the legislation is enacted, and the President makes the national interest determination regarding the People's Republic of China, a bilateral agreement covering...
Page 7 - Our current trade position calls for prompt action to stimulate foreign investment as a means to provide access to new markets and to stimulate exports. (2) Foreign private investment produces positive effects, not only for developing nations but also for the United States through the creation and maintenance of jobs, revenues, training, and increased exports. (3) The developing nations, already our fastest-growing markets, represent an even greater potential for the future. (4) The People's Republic...
Page 4 - The standard form of trilateral agreement between the United States and other countries generally provides for: (1) subrogation of OPIC to the interest of its investors in the event OPIC is required to pay a claim related to an investment in such country; (2) resolution of investment disputes between OPIC and the host...
Page 11 - We believe that this bill, amending section 239 (g) of the Foreign Assistance Act of 1961, as amended, to provide for the operation of OPIC programs in the People's Republic of China, is very appropriate as a further step in building the essential relationship which we seek with China during this decade and beyond.