The Government of the Republic of Indonesia and the Government of the Republic of Uzbekistan, hereinafter referred to as the Contracting Parties;

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

Desiring to promote more extensive economic cooperation for mutual benefit of both parties on a long-term basis;

Intending to create favorable conditions for investments by investors of one 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 Investments activities in both countries;

Have agreed as follows: