Common use of Encouragement and protection of investments Clause in Contracts

Encouragement and protection of investments. 1. Each of the Contracting Parties shall encourage and create favorable conditions for investors of the other Contracting Party to invest capital in its territory and accept such investments in accordance with its laws, regulations, and national policies. 2. Each of the Contracting Parties shall provide the necessary facilities and permits for entry and exit, residence and work for the investor, and for those whose work is permanently or temporarily related to the investment such as experts, administrators, technicians, and workers in accordance with the legislation and the laws in force in the host country. 3. Each Contracting Party shall accord fair and equitable treatment to investments of investors of the other Contracting Party, and commit that the management, maintenance, use, transfer, enjoyment, or liquidation of the investment of investors of the other Contracting Party in their territory, as well as companies and projects in which these investments took place are not subject to any discriminatory or illegal measures.