Agreement between the Government of the Republic of Tajikistan and Government of the Republic of Armenia on encouragement and mutual protection of investments

of April 2, 2002

The government of the Republic of Tajikistan and the Government of the Republic of Armenia which are hereinafter referred to as with "Contracting parties"

understanding that encouragement and mutual protection of investments will promote development mutually advantageous trade and economic and sci-tech cooperation between two Contracting Parties, and also will increase welfare of both states;

wishing to create favorable conditions for investors of one Contracting Party in the territory of other Contracting Party;

providing to equal protection of the rights, interests and property of subjects of investing activities of Contracting Parties;

based on the principles of equality, mutual respect, sovereignty and mutual advantage,

agreed as follows:

Article 1. Determinations

For the purposes of this agreement the following terms mean:

1. The term "investor" means concerning each of Contracting Parties:

a) any physical person who is the citizen of the state of the Contracting Party or constantly living pas of the territory of the Contracting Party and competent according to its legislation to perform investments in the territory of other Contracting Party;

b) any legal entity or other company created or founded according to the legislation of one of Contracting Parties, having the location in the territory of one of Contracting Parties and recognized by the legislation of the last.

2. The term "investments" covers all types of property intellectual values which with chain of implementation of economic activity are invested or reinvested by the investor of one Contracting Party in the territory of other Contracting Party in accordance with the terms, the provided legislations of each of Contracting Parties, in particular, but not only:

a) money, purpose-oriented bank deposits, shares, shares, debt obligations and other securities;

b) personal and real estate (buildings, constructions, the equipment and other material values) and the related property rights, including the right of pledge, lease and deduction of mortgage;

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