The Government of Australia and the Government of the Argentine Republic, hereinafter referred to as "the Contracting Parties",

Desiring to intensify economic cooperation between both countries;

Considering that investment relations should be promoted and economic cooperation strenghtened in accordance with the internationally accepted principles of mutual respect for sovereignty, equality, mutual benefit, non-discrimination and mutual confidence;

Acknowledging that investments of investors of one Contracting Party in the territory of the other Contracting Party would be made within the framework of laws of that other Contracting Party; and

Recognising that the promotion and protection such investments on the basis of a bilateral agreement will be conducive to the stimulation of individual business initiative to the benefit of both countries,

Have agreed as follows: