The Republic of Hungary and Malaysia, hereinafter referred to as the "Contracting Parties";

Desiring to expand and deepen economic cooperation on a long term basis, and in particular, to create favourable conditions for investments by investors of one

Contracting Party in the territory of the other Contracting Party;

Recognising 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 the economic prosperity of both Contracting Parties;

Have agreed as follows: