The Government of the Republic of Colombia and the Government of the People's Republic of China hereinafter referred to as the "Contracting Parties",

Desiring to intensify the economic cooperation to the mutual benefit of both Contracting Parties,

Intending to create and maintain favorable conditions for the investments of investors of one Contracting Party in the territory of the other Contracting Party,

Recognizing that the reciprocal encouragement, promotion and protection of such investment will be conducive to stimulating business initiative of the investors and will increase prosperity in both States,

Have agreed as follows: