The Government of the Republic of Indonesia and the Government of the People's Democratic Republic of Algeria (hereinafter referred to as "Contracting Parties"),

Bearing in mind the friendly and cooperative relations existing between the two countries and their peoples;

Intending to create favorable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party on the basis of sovereign equality and mutual benefit; and 

Recognizing that the Agreement on the promotion and protection of such investments will be conducive to the stimulation of investment activities both countries;

Have agreed as follows: