US, Zaire sign treaty designed to encourage investments
Zaire and the United States signed a treaty on Friday designed to encourage American investment in that country. It provides protection for citizens of either country who invest in the other. Americans already have $250 million invested in Zaire.
The Reagan administration has been urging poor countries to encourage foreign investment as a way of easing their debt burden. US investment treaties have been signed under the Reagan administration with Egypt, Panama, Haiti, and Senegal, and are being negotiated with 11 other countries. None of the treaties has been submitted to the Senate for ratification.