The Government of the Argentine Republic and the Government of New Zealand (each hereinafter referred to as a "Contracting Party");

Desiring to create favourable conditions for greater economic cooperation for the mutual benefit of both countries and to maintain fair and equitable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party,

Recognising that the encouragement and reciprocal protection of such foreign investments will be conducive to the economic prosperity of the both countries,

Have agreed as follows: