The Government of the Republic of Indonesia and the Government of Romania (hereinafter referred to as "Parties");

Desiring to encourage and create favorable conditions for investment by investors of one Party in the territory of the other Party based on the principles of mutual respect for sovereignty, equal and mutual benefit and for the purpose of the development of economic cooperation between both countries;

Recognizing that the promotion and protection of such investments will be conducive to the stimulation of business initiative and to foster prosperity in both countries; 

Have agreed as follows: