The Government of the Republic of the Philippines and the Government of the Kingdom of Denmark hereinafter referred to as the Contracting Parties,

Desiring to create favorable conditions for investments in both States and to intensify the co-operation between private enterprises in both States with a view to stimulating the productive use of resources,

Recognizing that a fair and equitable treatment of investments on a reciprocal basis will contribute to the attainment of economic growth of both States,

Have agreed as follows: