The Government of the Kingdom of Thailand and the Government of the
Republic of Bulgaria, hereinafter referred to as the “Contracting Parties”,

Desiring to expand and deepen economic cooperation between the two
States on a long term basis and in particular to create favourable conditions for investments of investors of one Contracting Party in the territory of the other Contracting Party on the basis of mutual benefit,

Recognizing the need to protect investments by investors of both
Contracting Parties and to stimulate the flow of investments and individual business initiative with a view to promoting economic prosperity of both Contracting Parties,

Have agreed as follows: