The Government of the Republic of Finland

and the Government of the Republic of

Zambia, hereinafter referred to as the "Contracting

Parties",

RECOGNISING the need to protect investments

of the investors of one Contracting Party

in the territory of the other Contracting Party on

a non-discriminatory basis;

DESIRING to promote greater economic

co-operation between them, with respect to

investments by nationals and companies of one

Contracting Party in the territory of the other

Contracting Party;

RECOGNISING that agreement on the treatment

to be accorded such investments will

stimulate the flow of private capital and the economic

development of the Contracting Parties;

AGREEING that a stable framework for investment

will contribute to maximising the effective

utilisation of economic resources and

improve living standards;

RECOGNISING that the development of

economic and business ties can promote respect

for internationally recognised labour

rights;

AGREEING that these objectives can be

achieved without relaxing health, safety and environmental

measures of general application;

and

Having resolved to conclude an Agreement

concerning the promotion and protection of investments;

HAVE AGREED AS FOLLOWS: