The Government of the kingdom of thailand and the government of the lao People's Democratic Republic, hereinafter called "Con tracting Parties"
Recognising that the good neighbourly cooperation in the fields of economics and trade throungh investment will promote progressive development for the well being of the people pf both States.
desiring to create favourable condition for greater economic cooperation between them and in particular, for the investment of capital by nationals and companies of one state in the territory of the other state
Recognising that the reciprocal encouragement and protection of such investment of capital and the investment under international agreements will be conducive to the stimulantion of individual business initiative and will increase prosperity in both states : have agreed as follows