The Government of the Republic of the Philippines and the Government of the Republic of Finland,

Desiring to create and maintain favorable conditions for investment by investors of one Contracting Party in the territory of the other Contracting Party;

Recognizing that the encouragement and protection of such investments on the basis of an Agreement will be conducive to the stimulation of business initiatives, transfer of capital and technology and increasing economic prosperity of both Contracting Parties;

Have agreed as follows: