The Government of the Kingdom of Thailand and the Government of the Argentine Republic, hereinafter referred to as "the Contracting Parties";

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

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

Have agreed as follows: