The Federal Republic of Germany and the Republic of the Philippines - 

hereinafter referred to as the Contracting States,

Desiring to intensify economic co-operation between both State,

Intending to create favorable conditions for investments by nationals and companies of either Contracting State in the territory of the other Contracting State, and to increase prosperity in their respective territories,

Recognizing that encouragement and protection of such investments will benefit the economic prosperity of both States - 

Have agreed as follows: