The Government of the People's Republic of Bangladesh and The Government of the United Arab Emirates hereinafter referred to as the "Contracting Parties,"

Desiring to expand and strengthen economic and industrial cooperation on a long term basis, and in particular, to create favourable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party;

Recognizing the need to protect investment by investors of both Contracting Parties and to stimulate the flow of investment and individual business initiative with a view to promoting the economic prosperity of both Contracting Parties;

Have agreed as follows: