Agreement on Promotion and Protection of Investment in ASEAN
The Governments of Brunei Darussalam, the Republic of Indonesia, Malaysia, the Republic
of the Philippines, the Republic of Singapore, and the Kingdom of Thailand, hereinafter
referred to as the Contracting Parties;
CONSIDERING that the Heads of Government of ASEAN agreed inter alia on industrial cooperation among the, member states of ASEAN in the Declaration of ASEAN Concord signed
at Denpansar, Bali on 24 February 1976;
FURTHER CONSIDERING that the Heads of Government of ASEAN in their Meeting in
Kuala Lumpur on 4 to 5 August 1977, recognized inter alia that the acceleration of
industrialization of the region requires the increased flow of technology and investments, and
toward the attainment of this common objective, directed that measures be taken to stimulate
the flow of technology, knowhow and private investments among the member states. and
directed, in particular, the study of a regional mechanism, and the formulation of guidelines,
which would facilitate such desired flow of technology, knowhow and private investments;
DESIRING that appropriate measures be taken to carry out the foregoing intents and to
create favourable -conditions for investments by nationals and companies of any ASEAN
member state in the territory of the other ASEAN member states and to facilitate the desired
flow of private investments therein to increase prosperity in their respective territories;
RECOGNIZING that an agreement on the promotion and protection of such investments
will contribute to the furtherance of the above mentioned purposes;