The Government of the Republic of Croatia and the Government of the Republic of San Marino (hereinafter referred to as the "Contracting Parties");

Desiring to promote greater economic cooperation between them with respect to investment by nationals and legal entities of one Contracting Party in the territory of the other Contracting Party;

Recognizing that agreement upon the treatment to be accorded to such investment will stimulate the flow of private capital and the economic development of the Contracting Parties;

Agreeing that a stable framework for investment will maximize effective utilization of economic resources and improve living standards;

Having resolved to conclude the Agreement on the promotion and reciprocal protection of investments;

Have agreed as follows: