AGREEMENT
BETWEEN
THE GOVENMENT OF THE KINGDOM OF THAILAND
AND
THE GOVERNMENT OF THE LAO PEOPLE’S DEMOCRATIC REPUBLIC
FOR THE PROMOTION AND THE PROTETION OF INVESTMENTS
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The Government of the Kingdom of Thailand and The Government of the Lao People’s Democratic Republic, hereinafter colled “Contracties Paties”
Recognising that the good neighbourly cooperation in the fields of economic and trade through investments will promote progressive development for the well being of the people of both States.
Desiring to create favourable conditions for greater economic cooperation between them and in particular, for the investment of capital by nationals and conpanies 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 agreement will be conducive to the stimulation of individual business initiative and will increase prosperity in both States :
Have agreed as follows :
INSTRUMENT OF RATIFICATION
WHEREAS the Agreement between the Government of the Kingdom of Thailand and the Government of the Lao People’s Democratic Republic for the Promotion and the Protection of Investment was signed at Bangkok on 22 August B.E. 2533 by the duly authorized Representatives of the Government of the Kingdom of Thailand and the Government of Lao People’s Democratic Republic ; and
WHEREAS Article 10 of the Agreement stipulates that this Agreement shall be subjust to ratification and shall come into force thirty days after the date of the exchange of instruments of ratification ;
THE GOVERNMENT OF THE KINGDOM OF THAILAND, having considered the aforesaid Agreement, hereby confirms and ratifies the same and undertakes to faithfully perform and carry out all the stipulations contained therein.
IN WITNESS WHEREOF, this Instrument of Ratification is signed and sealed by the Minister of foreign Affairs of Thailand.
DONE at Bangkok, this Day of October in the Two thousand Five hundred and Thirty-third year of the Buddhist Era, corresponding to the one thousand Nine hundred and Ninetieth year of the Christian Era.