Common use of PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS Clause in Contracts

PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS. The Government of Romania and the Government of the Republic of Kazakhstan hereinafter referred to as the "Contracting Parties", Desiring to intensify economic cooperation to the mutual benefit of both States, Intending to create and maintain favorable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party, Recognizing that the promotion and reciprocal protection of investments on the basis of the present Agreement will be conducive to the stimulation of business initiative and will increase prosperity in both States, Aware of the need to establish an adequate juridical framework which settles and guarantees the promotion and reciprocal protection of investments between both States, Have agreed as follows: