The Government of the Republic of Korea and the Government of the Hashemite Kingdom of Jordan (hereinafter referred to as "the Contracting Parties"),

Desiring to create favorable conditions for greater economic cooperation between them and, in particular for investments by investors of one Contracting Party in the territory of the other Contracting Party, based on the principles of equality and mutual benefit,

Recognizing that the promotion and reciprocal protection of investments on the basis of this Agreement will be conducive to stimulating individual business initiative and will increase prosperity in both States,

Have agreed as follows: