The Government of the United Arab Emirates and the United States of America,

Desiring to create favourable conditions for greater economic cooperation to promote the development of their economic resources, in particular in the United Arab Emirates,

Recognizing the importance of developing the productive capacities of the United Arab Emirates through participation by U.S. private enterprises in projects bringing advanced technology to the United Arab Emirates,

Ware that reciprocal encouragement of such investment will be conductive to the stimulation of individual business initiative which will increase prosperity in both states, and Conscious of the role of investment insurance in encouraging foreign investment, including joint ventures, have agreed as follows: