The Government of the Kingdom of Thailand and the Government of Hong Kong Special Administrative Region of the

People’s Republic of China, the latter having been duly authorised to conclude this Agreement by the Central People’s Government of the People’s Republic of China (hereinafter referred to as “the Contracting Parties”);

Desiring to create favourable conditions for greater economic cooperation between them and, in particular, for investment by investors of one Contracting Party in the area of the other;

Recognising that the encouragement and reciprocal protection under agreement of such investments will be conducive to the stimulation of individual business initiative and will increase prosperity in both areas;