The Government of Romania and the Government of the Republic of Argentina,

hereinafter referred to as the "Contracting Parties",

Desiring to intensify economic cooperation between both countries,

Aiming at creating favourable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party,

Recognizing that the promotion and protection of such investments on the basis of an agreement will be conducive to the stimulation of individual business initiative and will increase prosperity in both States,

Have agreed as follows: