• 

CENTRAL AFRICAN REPUBLIC 

Investment Guaranties 

Agreement effected by exchange o/ notea 

Dated at Bangui December 31, 1964; 

Entered into force January 1, 1965. 

The American Ambassador to the Acting Foreign Minister of the Oentral 

African Republic 

No. 37 

EXCELLENCY: 

AMERICAN EMBASSY 

Bangui, December SJ, 1964 

I have the honor to refer to conversations which have recently 

taken place between representatives of our two governmentB relating 

to investments in the Central African Republic which further the 

development of the economic resources and productive capacities of the 

Central African Republic and to guaranties of such investments by 

the Government of the United States of America. I also have the 

honor to confirm the following understandings reached as a result of 

those conversations: 

I. The Government of the United States of America and the 

Government of the Central African Republic shall, upon the request of 

either Government, consult concerning investmentB in the Central 

African Republic which the Government of the United States of 

America may guaranty. 

2. Tl-'3 Government of the United States of America shall not 

guarant,.r an investment in the Central African Republic unless the 

Government of the Central African Republic approves the activity 

to which the investment relates and recognizes that the Governm~nt 

of the United States of America may guaranty such investment. 

3. If an investor transfers to the Government of the United States 

of America pursuant to an investment guaranty, (a) lawful currl)ncy, 

including credits thereof, of the Central African Republic, (b) any 

claims or rights which the investor has or may have arising from tl!e 

business activities of the investor in the Central African Repub~c 

or from the events entitling the investor to payment un~er t e 

investment guaranty, or (c) all or part of the interest of the_ m~estor 

in any property (real or personal, tangible or intangible) w1thm_ the 

Central African Republic, tho Government of tho Central African 

Republic shall recognize such transfer as valid and effective .. 

TIAS 5747 (2556) 

16 usT] Central African Rep.-lnvestment Guaranties-Dec. 31, 1964 · 

4. Lawful currency of the Central African Republic, including 

credits thereof, which is acquired by the Government of the United 

States of America pursuant to a transfer of currency or from the sale 

of property transferred under an investment guaranty shall be 

accorded treatment by the Government of the Central Mrican 

Republic with respect to exchange, repatriation or use thereof, not 

less favorable than that accorded to funds of nationals of the United 

States of America derived from activities similar to those in which 

the investor had been engaged, and such currency may in any event 

be used by the Government of the United States of America for any 

of its expenditures in the Central African Republic. 

5. Any dispute regarding the interpretation or application of the 

provisions of this Agreement or any claim against the Government of 

the Central African Republic to which the Government of the United 

States of America may succeed as transferee or which may arise from 

the events causing payment under an investment guaranty shall, 

upon the request of either Government, be the subject of negotiations 

between the two Governments and shall be settled, insofar as poBBible, 

in such negotiations. If, within a period of t-hree months after a 

request for negotiation, the two Governments are unable to settle 

any such dispute or claim by agreement, the dispute or claim shall be 

referred upon the initiative of either Government, to a sole arbitrator, 

selected by mutual agreement, for final and binding determination in 

light of the applicable principles of international law. If the two 

Governments are unable to .;:elect an arbitrator within a period of three 

months after indication by eitlwr Government of its desire to arbitrate, 

the President. of the International Court of Justice shall, at the 

request of either Government, designate the arbitrator. 

Upon receipt of a note from Your Excellency indicating that the 

foregoing provisions are acceptable to the Government of the Central 

African Republic, the Government of the United States of America. 

will consider that this note and your reply thereto constitute an 

Agreement between our two Governments on this subject, the agreement to enter into force on the date of your note in reply. 

Accept, Excellency, the renewed assurances of my highest 

consideration. 

CLAUDE G. Ross 

His Excellency 

JEAN-ARTHUR BANDIO, 

Acting Foreign Minister, 

Ministry of Foreign Affairs, 

Bangui. 

TIAS GU 
2558 U.S. Treaties and Other International Agreements [15 US'l' 

The Central, African Republic Ministry of Foreign A.flairs to the 

American Ambassa<lor 

BEPUBLIQUE OENTBAFBIOAINE 

MINIBTERE DEB 

AFFAIREB ETBANOEBEB 

Service de la Coop6ratioo 

Economique et Culturelle 

N•. 4931/MAE/0E0-111-0-6 

umd - DIONITi - TB-" V &IL 

Le MinisMre des AFFAIBEB ETaANGEREB presente sea compliments 

8. l'AMBASSADE des ETATS-UNIS d'Amerique 8. Bangui et 86 rMerant 

a. sa Note relative aux investissements en Republique Centrafricaine 

qui pourraient accelerer le developpement de sea ressources economiques 

et de sa capo.cite de production, et a. }'emission par le Gouvernement 

des Etats-Unis d' Amerique de garanties etendues vis a. vis de ces 

in vestissements. 

Le MinisMre des Affaires Etrangeres a l'honneur de confirmer a 

l'Ambassade les arrangements suivants qui sont le resultat des 

conversations qui ont eu lieu recemment entre lea representants du 

Gouvernement de Son Excellence et le Gouvernement de la Republique 

Cen trafricaine. 

1. Le Gouvernement de la Republique Centrafricaine et le Gouvernement des Etats-Unis d'Amerique se consulteront, a la requete 

de l'un ou de l'autre d'entre eux, au sujet d'investissements en 

Republique Centrafricaine a l'egard desquels des garanties pourraient 

etre donnees par le Gouvernement des Etats-Unis d' Amerique. 

2. Le Gouvernement des Etats-Unis d'Amerique ne garantira aucun 

investissement en Republique Centrafricaine a moins que le Gouvernement de la Republique Centrafricaine n'approuve l'activite sur 

laquelle porte cet investissement et ne reconnaisse au Gouvernement 

des Etats-Unis d'Amerique le droit de garantir un tel investissement. 

3. Si un citoyen americain ou une socieU americaine ayant effectue 

un investissement transfere au Gouvernement des Etats-Unis 

d' Amerique, en vertu d'une garantie de cet investissement, (a) des 

montants en devises legeles, y compris les credits en devises legeles de 

la Republique Centrafricaine, (b) toutes reclamations ou droits 

existants ou pouvant survenir du fait de ses activites en Republique 

Centrafricaine ou du fait de circonstances l'habilitant a recevoir un 

paiement au titre de la garantie d'investissement, ou (c) le tout ou 

une partie de l'interet de la personne ayant effectue un investissement 

dans une propriete (immobiliere ou mobiliere, tangible ou intangible) 

si tuee en Republique Centrafricaine le Gouvernement de la Republique 

( 'nntrnfricaine reconnaftra cc transfert comma une operation valable 

t\l rrelll'. 

4 Lt•i; devises legales de l11 Republiquo Contrafricaine, y compris les 

crMiu; en devises legales, acquis par lo Gouvernement des EtatsTIAS IS74T 

16 UST] Central African Rep.-· hwestment Guaranties-Dec. 31, 1964 2559 

Unis d'Amerique en vertu d'un transfert de devises ou d'une vente 

de propriete tranaferee au titre d'une garantie d'investissement 

re<:evront de la _part du Gouvernement de la Republique Centrafri~ 

ca~~e, ?n ce qm ~ncerne leur echange, leur rapatriement ou leur 

util1Sation, un tra1tement qui ne sera pas moins favorable que celui 

accorde a ces fonds appartenant a des ressortissants des Etats-Unis 

d' Amerique qui proviennent d'activites semblables a celle de Ia 

personne ayant effectue des investissements, et ces devises pourront 

en tout cas etre utilisees par le Gouvernement des Etats-Unis 

d' Amerique pour toutes depenses en Republique Centrafrioaine. 

5. !?ut litige concernant !'interpretation ou }'application des dispositions du present accord, ou toute reclamation contre le Gouvernement de la Republique Centrafricaine a. laquelle le Oouvernement 

des Etats-Unis d'Amerique peut succeder en sa quelite de ben6ficiaire 

d'un transfert, ou en consequence d'un paiement au titre d'une 

garantie d'investissement, seront l'objet de negociations entre lea 

deux Gouvernements, A la demande de l'un ou de l'autre d'entre eux · 

e~ seront regles ~ans tou_te la ~esure du possible par ces n~gociations'. 

S1, a.pres un del&I de trolS mms a.pres une demande de negociation les 

deux Gouvernements ne parviennent pas A r~gler un tel litige ou une 

telle reclamation par un accord, le litige ou la reclamation seront 

renvoyes, sur !'initiative de l'un ou de l'autre des Gouvernements A 

un ~~itre uniq?e, c~oisi d'un ~ommun accord, pour une dkision 

~efirut1ve e_t obligato1~e en fonct1on des principes de Droit International_ ~pplicabl~. S1 les deux Gouvernements ne parviennent pas 

A cho1S1r un arb1tre dans un delai de trois mois a.pres que l'un ou 

l'autre des Oouvernements ait manifeste son desir d'avoir recolll'8 A 

}'arbitrage, le President de la Cour Internationale de Justice nommera 

l'arbitre, A la requ~te de l'un ou de l'autre Gouvernement. · 

Le MinisMre des Affaires Etrang~res prie l' Ambassade des EtatsUnis d'Amerique de bien vouloir considerer sa Note sus-vi~e relative 

aux investissements en Republique Centrafricaine et la presente 

reponse comme constitutives d'un Accord entre nos deux Gouvernements A ce sujet, Accord entrant en vigueur A la date du premier 

Janvier mil neuf cent soixante-cinq. 

_Le Ministere des Affaires Etrangeres saisit cette occasion pour 

r~1terer a. l'Ambassade des Etats-Unis d'Amerique les assurances de 

sa haute consideration./-

BANGUI, le SJ Der. 1964 

AMBASSADE DES ETATS-UNIB 

D' AMERIQUE d . 

- Bangui -

TIAS IST4T 39-77 l 0-66-pt. 2-77 
Translation 

CENTRAL AFRICAN REPUllLIO 

UNITf - Dl(}NITY - WORK 

MINISTRY OF FOREION AFFAIRS 

Division of Economic and Cultural 

Cooperation 

No. 41131/MAE/OEO-IIl-O--6 

The Ministry of Foreign Affairs presents its compliments to the 

Embassy of the United States of America at Bangui and refers to the 

Embassy's note concerning investments in the Central African 

Republic which may further the development of its economic resources and productive capacities, and to the issue by the Government of the United States of America of guaranties covering such 

investments. 

The Ministry of Foreign Affairs has the honor to confirm to the 

Embassy the following understandings which are the result of the 

conversations held recently between representatives of its Government and the Government of the Central African Republic. 

(For the English language text see ante, pp. 2556-2557 .] 

The Ministry of Foreign Affairs requests the Embassy of the United 

States of America to consider its above-mentioned note, concerning 

investments in the Central African Republic, and this reply as constituting an Agreement between the two Governments on this subject, 

the Agreement to enter into force on January 1, 1965. 

The Ministry of Foreign Affairs avails itself of this occasion to 

renew to the Embassy of the United States of America the assurances 

of its high consideration. 

[Initialed] 

(Ministry seal] 

BANGUI, December 31, 1961, 

THE EMBASSY OF THE 

UNITED STATES OF AMERICA, 

Bangui. 

TIAS 5747 

i 

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