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

of November 6, 2006

The government of the Republic of Kazakhstan and the Government of the Republic of Armenia which are hereinafter referred to as by the Parties

recognizing need to protect investments of investors of one Party in the territory of other Party on not discrimination basis;

wishing to promote expansion of economic cooperation in the field of investments of physical persons and legal entities of one Party in the territory of other Party;

recognizing that the agreement on the mode provided to such investments will stimulate flow of private equity and economic development of the Parties;

agreeing that the stable basis for investments will make contribution to the maximum increase in effective use of economic resources and will improve living standards,

recognizing that development of commercial and business contacts can promote respect of international and acknowledged labor rights;

agreeing that these objectives can be achieved without measures of common application weakening health, safety and environmental protection

agreed as follows:

Article 1. Determinations

For the purposes of this agreement,

1. The term "investments" means any kind of the assets put or enclosed by investors of one Party in the entrepreneurial purposes according to the national legal system of the state of other Party in the territory of the last, and also following from here is right, and in particular, but is not exclusive, can include:

(a) personal and real estate or any property rights, such as lease, mortgage, rights to retain of property and pledges;

(b) shares, shares, debt obligations and any other forms of participation in the companies;

(c) monetary claims or any execution according to the contract having economic value;

(d) intellectual property rights, including copyright, trademarks, patents, industrial designs and technical processes, know-how, commercial secrets, trade names and goodwill;

(e) concessions which are provided according to the law or according to the agreement, including concessions for search, developments, extraction or uses of natural resources.

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