Agreement between the Government of the Kyrgyz Republic and Government of the Republic of Belarus on assistance to implementation and mutual protection of investments

of March 30, 1999

The government of the Kyrgyz Republic and the Government of the Republic of Belarus, hereinafter referred to as "Contracting parties",

wishing to deepen economic cooperation for mutual advantage of both states,

wishing to create favorable conditions for increase in investments of investors of one state in the territory of other state,

understanding that assistance to implementation and mutual protection of these investments in connection therewith the international treaty will promote development of business initiative and prosperity in both states,

agreed as follows:

Article 1 of Determination

For the purposes of this agreement the terms below will have the following value:

1. "Investor" means:

Concerning the Kyrgyz Republic:

a) physical persons who according to the legislation of the Kyrgyz Republic are citizens of the Kyrgyz Republic and who perform investments in the territory of the Republic of Belarus;

b) the legal entities who are appropriately created or founded according to the legislation of the Kyrgyz Republic also have the location, and also perform the actual economic activity in the territory of the Kyrgyz Republic and which perform investments in the territory of the Republic of Belarus.

Concerning the Republic of Belarus:

a) physical persons who according to the legislation of the Republic of Belarus are citizens of the Republic of Belarus and who perform investments in the territory of the Kyrgyz Republic;

b) legal entities, including the companies, economic associations and other unions or the organizations which are appropriately created or founded according to the legislation of the Republic of Belarus also have the location, and also perform the actual economic activity in the territory of the Republic of Belarus and which perform investments in the territory of the Kyrgyz Republic.

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