Federal Decree No. 71/2002 Agreement Between the State of the United Arab Emirates and Mongolia for the Encouragement and Reciprocal Protection of Investments

The State of the United Arab Emirates and Mongolia, (hereinafter referred to as the "Contracting States");

Desiring to create favourable conditions for the development of economic cooperation between them and in particular for investments by investors of one contracting State in the territory of the other Contracting State;

Recognizing that the encouragement and reciprocal protection of such investments will be conducive to the stimulation of business initiative and to the increase of prosperity in both Contracting States;

Have agreed as follows:

Article 1 - Definitions

For the purpose of this Agreement:

1- the term 'investment' shall mean every kind of asset or right in the territory of one Contracting State that is owned or controlled directly or indirectly by an investor of the other Contracting State, and includes asset or right consisting or taking the form of: