89879 12/18/2006 8:37 06BUCHAREST1872 Embassy Bucharest UNCLASSIFIED VZCZCXYZ0004 OO RUEHWEB DE RUEHBM #1872 3520837 ZNR UUUUU ZZH O 180837Z DEC 06 FM AMEMBASSY BUCHAREST TO RUEHC/SECSTATE WASHDC IMMEDIATE 5737 INFO RUCPDOC/USDOC WASHDC RUEHRC/USDA WASHDC RUEATRS/TREASURY WASHDC RUEHBS/USEU BRUSSELS RUEHSF/AMEMBASSY SOFIA 4840 UNCLAS BUCHAREST 001872
DEPT FOR EUR/NCE - AJENSEN DEPT FOR EB/IFD/OIA - MTRACTON, TPHILLIPS DEPT FOR L/T - FHOLLERAN STATE PASS USTR - LMOLNAR USDOC FOR ITA/EUR/CEED/KNAJDI USDOC FOR TCC/4110/BVAUGHAN/MROLLIN USDA FOR ITP/FAS/CBERTSCH
E.O. 12958: N/A TAGS: EINV, ETRD, KTIA, PREL, RO SUBJECT: ROMANIA READY TO EXCHANGE ADDITIONAL PROTOCOLS AMENDING THE BILATERAL INVESTMENT TREATY
REF: State 192802
1. Econoff met with Director of the Ministry of Foreign Affairs' Office of Community Law Ion Galea on December 5 to discuss formalizing the negotiated additional protocols to the bilateral investment treaty (BIT). Romania signed the additional protocol on September 22, 2003, and Romania's Parliament ratified it by Law 375 on September 28, 2004.
2. The Ministry is prepared to schedule a formal exchange of protocols at any time after President Bush signs the instruments of ratification. Post will endeavor to conclude the exchange before January 1, 2007, dependant on the Ambassador's and Minister of Foreign Affairs Ungureanu's availability. The MFA is also willing to conduct the exchange at a Secretary of State (equivalent to Deputy Minister) level. Galea received the proposed text of the protocol and promised to review it. He indicated he may propose some changes to the text, but that they would not affect the substance.