The Government of the Republic of Korea and the Government of the United Republic of
Tanzania (hereinafter referred to as "the Contracting Parties"),
Desiring to intensify economic cooperation between the two States,
Intending to create favourable conditions for investments by investors of one Contracting
Party in the territory of the other Contracting Party on the basis of equality and mutual
benefit and,
Recognizing that the promotion and protection of investments on the basis of this Agreement
stimulates business initiative in this field,
Have agreed as follows: