The Federal Democratic Republic of Ethiopia and the Kingdom of Spain,

herein after referred to as “the Contracting Parties”.

Desiring to intensify economic co-operation for the mutual benefit of both

States;

Intending to create favorable conditions for investments made by investors of each Contracting Party in the territory of the other Contracting Party;

And

Recognizing that the promotion and protection of investments under the agreement will stimulate initiatives in this field;

Have Agreed as follows: