The Government of the Republic of the Philippines and the Government of the Argentine Republic, hereinafter referred to as the "Contracting Parties";

Desiring to intensify economic cooperation between both States;

Intending to create favorable conditions for investment by investors of one Contracting Party to the territory of the other Contracting Party, and to increase prosperity in their respective territories;

Recognizing  that encouragement and protection of such investments on the basis of an agreement will be conducive to the stimulation of individual business initiative and will benefit the economic prosperity in both states.

Have agreed as follows: