TNAG-2827-FCO40-4080-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 128

PREAMBLE

CONFIDENTIAL

Agreement

between the Government of Hong Kong

and

the Government of the Republic of France for the Promotion and Protection of Investments

promotion

basis.

The

and

Article-by-Article Comparison between

the Initialled Text and the Text of the Hong Kong Model Agreement

Annex B

the

title was amended to make it clear that

investments is оп a reciprocal

protection of

2.

As

a matter of drafting convenience, a phrase was added

the first preambular paragraph to define "Contracting Parties" as referred to later in the text.

to

3.

At the request of the French delegation, a phrase was added to the second preambular paragraph to state the aim of

strengthening economic cooperation. The third preambular

paragraph was amended to make it clear that the encouragement and reciprocal protection of investments will be conducive to transfers of capital and will be in the interest of the economic development of both parties.

ARTICLE 1: Definitions

4.

Article 1 is substantively the same as Article 1 of the

Hong Kong model. However, a few changes were made at the

request of the French delegation to reflect their particular concerns, as follows :

3