TNAG-2826-FCO40-4079-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 123

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ARTICLE 2.

Promotion and Protection of Investment and Returns

(1)

Each Contracting Party shall encourage and create

favourable conditions for investors of the other

Contracting Party to make investments in its area, and,

subject to its right to exercise powers conferred by its

laws, shall admit such investments.

(2)

Investments and returns of investors of each

Contracting Party shall at all times be accorded fair and

equitable treatment and shall enjoy full protection and

security in the area of the other Contracting Party.

Neither Contracting Party shall in any way impair by

unreasonable or discriminatory measures the management,

maintenance, use, enjoyment or disposal of investments in

its area of investors of the other Contracting Party. Each

Contracting Party shall observe any obligation it may have

entered into with regard to investments of investors of the

other Contracting Party.