The Kingdom of Belgium,

The Waloon Region,

The Flemish Region,

and the Brussels-Capital Region,

as well as

The Grand-Duchy of Luxembourg

and Barbados

(hereinafter individually referred to as "the Contracting Party", or collectively referred to as "the Contracting Parties"),

Desiring to create favourable conditions for greater investment by nationals and companies of one Contracting Party in the territory of the other Contracting Party;

Recognising that the encouragement and reciprocal protection under international agreement of such investments will be conducive to the stimulation of individual business initiatives and will increase prosperity in the Contracting Parties:

Have agreed as follows: