Desiring to strengthen their traditional ties of friendship and to extend and intensify the

economic relations between them, particularly with respect to investments by the investors

of one Contracting Party in the territory of the other Contracting Party,

Recognising that agreement upon the treatment to be accorded to such investments will

stimulate the flow of capital and technology and the economic development of the

Contracting Parties and that fair and equitable treatment of investment is desirable,

Have agreed as follows: