AGREEMENTBETWEENTHEGOVERNMENTOFTHEPEOPLE’S.docVIP

AGREEMENT BETWEEN THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA AND THE GOVERNMENT OF THE UNITED REPUBLIC OF TANZANIA CONCERNING THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS PREAMBLE The Government of the People’s Republic of China and the Government of The United Republic of Tanzania (hereinafter referred to as the Contracting Parties), Intending to create favourable conditions for investment by investors of one Contracting Party in the territory of the other Contracting Party; Recognizing that the reciprocal encouragement, promotion and protection of such investment on the basis of equality and mutual benefit will be conducive to stimulating the business initiative of the investors and will increase economic prosperity in both States; Respecting the economic sovereignty of both States; Encouraging investors to respect corporate social responsibilities; and Desiring to intensify the cooperation between both States, to promote healthy, stable and sustainable economic development, and to improve the standard of living of nationals; Have agreed as follows: ARTICLE 1 DEFINITIONS For the purpose of this Agreement, 1. The term “investment” means any kind of asset that has the characteristics of an investment, invested by an investor of one Contracting Party in accordance with the laws and regulations of the other Contracting Party in the territory of the latter, including but not limited to: movable and immovable property and other property rights such as mortgages, pledges and similar rights; shares, debentures, stock and any other kind of equity participation in companies; claims to money or to any other performance having an economic value associated with an investment; intellectual property rights, in particular copyrights, patents, trade-marks, trade-names, technical processes, know-how and goodwill; business concessions conferred by law or under contract permitted by law, including concessions to search for, cultivate, ext