The Government of the Czech Republic and the Federal Government of the Federal Republic of Yugoslavia, hereinafter referred to as the Contracting Parties,

Desiring to create favorable conditions for greater economic co-operation between the Contracting Parties,

Desiring to create and maintain favorable conditions for reciprocal investments, 

Convinced that the promotion and protection of investments will contribute to the enhancement of entrepreneurial initiative and thereby significantly contribute to the development of economic relations between the Contracting Parties,

Have agreed as follows: