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

of June 2, 1997

The government of the Republic of Kazakhstan and the Government of the Republic of Uzbekistan, hereinafter referred to as "Contracting parties",

wishing to promote on long-term basis to broader economic cooperation between them for mutual advantage of both states,

recognizing need of encouragement and protection of investments for the purpose of creation and preserving advantageous conditions for investments to investors of the state of one Contracting Party in the territory of the state of other Contracting Party,

agreeing that the stable basis of investments will provide maximum efficiency of use of economic resources and development of productive forces,

agreed as follows:

Article 1. General determinations

For the purposes of this agreement:

1. The term "investor" extends and includes:

a) legal entities of the states of Contracting Parties;

b) citizens, consolidation of citizens and stateless persons of the states of Contracting Parties.

2. The term "investments" means any kind of property and the rights to them, and also the intellectual property rights put by investors of one Contracting Party on the territory of the state of other Contracting Party for the purpose of profit earning (income) and covers, in particular, but not only:

a) personal and real estate and related property rights;

b) money, shares, deposits and other securities and any forms of participation in the companies, joint-stock companies, economic partnerships, associations and other legal entities registered according to the legislation of each of Contracting Parties;

c) the monetary claims and other rights having the economic value connected with implementation of investments;

d) copyright, right to intellectual and industrial property, such as inventions, patents, industrial projects and samples, trademarks, trade names, indexes of origin, technology, know-how and others;

e) rights of possession and uses of the earth (including on the basis of lease) and natural resources.

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