The Government of the Republic of Finland and the Government of the People's Democratic Republic of Algeria, hereinafter referred to as the "Contracting Parties",

Recognising the need to protect investments of the investors of one Contracting Party in the territory of the other Contracting Party on non-discriminatory basis;

Desiring to promote greater economic co-operation between them with respect to investments by nationals and companies of one Contracting Party in the territory of the other Contracting Party;

Recognising that agreement on the treatment to be accorded such investments will stimulate the flow of capital and the economic development of the Contracting Parties;

Agreeing that a stable framework for investment will contribute to maximising the effective utilisation of economic resources and improve living standards;

Recognising that the development of economic and business ties can create new employment opportunities and promote respect for internationally recognised labour rights;

Agreeing that these objectives can be achieved without relaxing health safety and environmental measures of general application; and

Having resolved to conclude an Agreement concerning the reciprocal promotion and protection of investments;

Have agreed as follows: