The Government of New Zealand and the Government of the Republic of Chile (each hereinafter referred to as a "Contracting Party");

Desiring to create favourable conditions for greater economic co-operation for the mutual benefit of both countries and to maintain fair and equitable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party, which implies the transfer of capital;

Recognising that the encouragement and reciprocal protection of such foreign investments will be conducive to the economic prosperity of both countries.

Have agreed as follows: