中华人民共和国政府和赤道几内亚共和国政府关于促进和保护投资的协定
AGREEMENT
BETEWEEN
THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF
AND
THE GOVERNMENT OF THE
ON THE MUTUAL PROMOTION AND PROTECTION OF INVESTMENTS
中华人民共和国政府和赤道几内亚共和国政府（以下称“缔约双方”），
愿为缔约一方的投资者在缔约另一方领土内投资创造有利条件，
认识到相互鼓励、促进和保护投资将有助于激励投资者经营的积极性和增进两国繁荣，
愿在平等互利原则的基础上，加强两国间的合作，
达成协议如下：
The Government of the People’s Republic of
Intending to create favourable conditions for investments of investors of one State in the territory of the other Contracting Party;
Recognizing that the reciprocal encouragement, promotion and protection of such investments will be conductive to stimulating business initiative of the investors and will increase prosperity in both States;
Desiring to intensify the economic cooperation of both States on the basis of equality, and mutual benefits;
Have agreed as follows
第一条 定义
本协定内：
一、“投资”一词系指缔约一方投资者依照缔约另一方的法律和法规在缔约另一方领土内所投入的各种财产，包括但不限于：
（一）动产，不动产及抵押、质押等其他财产权利；
（二）公司的股份、债券、股票或其他形式的参股；
（三）金钱请求权或其他具有经济价值的行为请求权；
（四）知识产权，特别是著作权，专利、商标、商号、工艺流程、专有技术和商誉；
（五）法律或法律允许依合同授予的商业特许权，包括勘探、耕作、提炼或开发自然资源的特许权。
作为投资的财产发生任何符合投资所在的缔约方的法律法规的形式上的变化，不影响其作为投资的性质。
二、“投资者”一词，系指：
（一）根据缔约任何一方的法律，具有其国籍的自然人；
（二）法律实体，包括根据缔约任何一方法律设立或组建且住所地在其境内的公司、社团、合伙及其他组织，不论其是否营利或具有法人资格。
三、“收益”一词系指由投资所产生的款项，如利润、股息、利息、资本利得、提成费、费用和其他合法收入。
ARTICLE 1
Definitions
For the purpose of this Agreement,
1. The term “investment” means every kind of asset invested by investors of one Contracting Party in accordance with the laws and regulations of the other Contracting Party in the territory of the latter, including , in particular, though not exclusively, includes:
(a) movable, immovable property and other property rights such as mortgages and liens;
(b) shares, bones, stock and any other kinds of participation in companies;
(c) claims to money or to any other performance having an economic value;
(d) intellectual property, especially the copyrights, patents, trade marks, trade names, technological processes, know-how and good will;
(e) concessions conferred by law or contracts, including concessions to search for , cultivate, refine or exploit natural resources.
2. The term “ investor ” means:
(a) natural persons who have nationality of either Contracting Party in accordance with its laws.
(b) legal entities, include companies, associations, partnerships or organizations, with or without legal personality incorporated or constituted under the laws and regulations of either Contracting Party.
3. The term “ returns” means amounts yielded by investments such as profits, dividends, interests, capital gains, royalties, fees or other legitimate income.
第二条 促进和保护投资
一、缔约一方应鼓励缔约另一方的投资者在其领土内投资，并依照其法律和法规接受这种投资。
二、缔约一方投资者在缔约另一方境内的投资，应享受持续的保护和安全。
三、在不损害其法律法规的前提下，缔约一方不得对缔约另一方投资者在其境内投资的管理、维持、使用、享有和处分采取任何不合理的或歧视性的措施。
四、缔约一方应依据其法律和法规，为在其领土内从事与投资有关活动的缔约另一方国民获得签证和工作许可提供帮助和便利。
ARTICLE 2
Promotion and Protection of Investments
1. Each Contracting Party shall encourage investors of the other Party to make investments in its territory and shall admit such investments in accordance wit its laws and regulations.
Each Contracting Party shall grant assistance in and provide facilities for obtaining visa and working permit to nationals of the other Contracting Party to work in the territory of the former in connection with activities associated with such investments.
2. Investments of investors of either Contracting Party shall at all times be accorded fair and equitable treatment in the territory of the other Contracting Party.
3. Without prejudice to its laws and regulations, neither Contracting Party shall in any way impair by unjustified or discriminatory measures the management, maintenance, use, enjoyment or disposal of investments in its territory of investors of the other Contracting Party.
第三条 投资待遇
ARTICLE 3
Treatment of Investments
一、缔约一方的投资者在缔约另一方的领土内的投资应始终享受公平与平等的待遇。
1. Investments of investors of either Contracting Party shall at all times be accorded fair and equitable treatment in the territory of the other Contracting Party.
二、在不损害其法律法规的前提下，缔约一方应给予缔约另一方投资者在其境内的投资及与投资有关活动不低于其给予本国投资者的投资及与投资有关活动的待遇。
2. The treatment and protection accorded by either Contracting Party within the territory to investors of the other Contracting Party with respect to investments, returns and business activities in connection with investment shall be no less favorable than that accorded to its own investors.
三、缔约一方给予缔约另一方投资者在其境内的投资及与投资有关活动的待遇，不应低于其给予任何第三国投资者的投资及与投资有关活动的待遇。
3. The treatment and protection accorded by either Contracting Party within the territory to investors of the other Contracting Party with respect to investments, returns and business activities in connection with investment shall be no less favorable than that accorded to investors of any third State.
四、本条第三款所述的待遇，不应解释为缔约一方有义务将由下列原因产生的待遇、优惠或特权给予缔约另一方投资者：
（一）关税同盟，自由贸易区，经济联盟；
（二）任何全部或主要与税收有关的国际协议或安排；
（三）任何便利边境地区小额边境贸易的安排。
4. The provisions of Paragraph 3 of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege resulting from:
(a) customs union, free trade area and economic union;
(b) any international agreement or arrangement relating wholly or mainly to taxation; or
(c) any arrangement for facilitating small scale frontier trade in border areas.
第四条 征收
ARTICLE 4
EXPROPRIATION
一、缔约任何一方对缔约另一方的投资者在其领土内的投资不得采取征收、国有化或其他类似措施（以下称“征收”），除非符合下列条件：
（一）为了公共利益；
（二）依照国内法律程序；
（三）非歧视性的；
（四）给予补偿。
1. Neither Contracting Party shall expropriate, nationalize or take similar measures (hereinafter referred to as “expropriation”) against investments of investors of the other Contracting Party in its territory, unless the following conditions are met:
a) for the public interests;
b) under domestic legal procedure;
c) without discrimination;
d) against compensation.
二、本条第一款所述的补偿，应等于采取征收或征收为公众所知的前一刻被征收投资的价值。该价值应根据普遍承认的估价原则确定。补偿包括自征收之日起到付款之日按正常商业利率计算的利息。补偿的支付不应迟延，并应可有效实现和自由转移。
2. The compensation mentioned in Paragraph 1 of this Article shall be equivalent to the value of the expropriated investment immediately before the expropriation is taken or the impending expropriation becomes public knowledge. The value shall be determined in accordance with generally recognized principles of valuation. The compensation shall include interest at a normal commercial rate from the date of expropriation until the date of payment. The compensation shall be made without delay, be effectively realizable and freely transferable.
第五条 损害与损失赔偿
ARTICLE 5
Compensation for Damages and Losses
缔约一方的投资者在缔约另一方领土内的投资，如果由于发生在缔约另一方领土内的战争、全国紧急状态、叛乱、暴乱或其他类似事件而遭受损失，该缔约另一方给予其恢复原状、赔偿、补偿或采取其他措施的待遇，不应低于它给予本国或任何第三国投资者待遇中较优者。
Investors of one Contracting Party who suffer losses in respect of their investment in the territory of the other Contracting Party owing to war, a state of national emergency, insurrection, revolution, riot or other similar events, shall be accorded by the latter Contracting Party, if it takes relevant measures such as restitution, indemnification, compensation or other valuable consideration, treatment no less favorable than that accorded to investors of its own or a third State, whichever is more favorable to the investor concerned.
第六条 转移
ARTICLE 6
Transfers
一、缔约任何一方应按照其法律和法规，保证缔约另一方投资者转移在其领土内的投资和收益，包括：
（一）利润，股息，利息及其他合法收入；
（二）全部或部分出售或清算资产获得的款项；
（三）与投资有关的贷款协议的偿还款项；
（四）本协定第一条第一款第（四）项的提成费；
（五）技术援助或技术服务费、管理费；
（六）有关承包工程合同款项的支付；
（七）在缔约一方的领土内从事与投资有关活动的缔约另一方国民的收入。
1. Each Contracting Party shall, subject to its laws and regulations, guarantee investors of the other Contracting Party the free transfer of their investments and returns held in the territory of the other Contracting Party, including:
a) profits, dividends, interests and other legitimate income;
b) proceeds, including capital gains, accruing from the total or partial sale, alienation or liquidation of an investment;
c) payments made pursuant to a loan agreement in connection with investment;
d) royalties in Paragraph 1 (d) of Article 1;
e) payments of technical assistance or technical service fees and management fees;
f) payments in connection with projects on contract;
g) earnings of nationals of the other Contracting Party who work in connection with an investment in the territory of the other Contracting Party;
二、本条第一款的规定不损害投资者依据第四条获得的补偿的自由转移。
2. The provisions in Paragraph 1 of this Article shall not effect the free transfer of compensation accorded to investors in accordance with Article 4.
三、上述转移应以可自由兑换的货币按照转移当日接受投资缔约一方通行的市场汇率进行。
3. The transfer mentioned above shall be effected in any convertible currency at the prevailing market exchange rate of the Contracting Party accepting the investment on the date of transfer.
第七条 代位
ARTICLE 7
Subrogation
如果缔约一方或其指定的机构根据其对非商业风险的一项担保或保险合同就在缔约另一方领土内的某项投资向投资者作了支付，缔约另一方应承认：
（一）该投资者的权利和请求权依照缔约前者一方的法律或法律程序转让给了缔约前者一方或其指定机构；以及
（二）缔约前者一方或其指定机构在与投资者同等的范围内，代位行使该投资者的权利以及执行该投资者的请求权，并承担其与投资相关的义务。
If one Contracting Party or its designated agency makes a payment to its own investors under a guarantee or a contract of insurance against non-commercial risks it has accorded in respect of an investment made in the territory of the other Contracting Party, the latter Contracting Party shall recognize:
(a) the assignment, whether under the law or pursuant to a legal transaction in the former Contracting Party, of any rights or claims by the investors to the former Contracting Party or to its designated agency, as well as,
(b) that the former Contracting Party or its designated agency is entitled by virtue of subrogation to exercise the rights and enforce the claims of that investor and assume the obligations related to the investment.
第八条 缔约双方间争议解决
一、缔约双方对本协定的解释或适用所产生的争议，应尽可能通过外交途径协商解决。
二、如果争议在六个月内未能友好解决，根据缔约任何一方的要求，可将争议提交仲裁庭解决。
三、仲裁庭由三名仲裁员组成，应按下列方式逐案设立：自收到仲裁要求之日起两个月内，缔约双方应各自任命一名仲裁员。该两名仲裁员应选定一位与缔约双方均有外交关系的第三国国民担任首席仲裁员。首席仲裁员的任命应在自前两名仲裁员任命之日起两个月内作出。
四、如果仲裁庭未能在自书面仲裁申请提出之日起四个月内组成，缔约双方间又无其他约定，缔约任何一方可以提请国际法院院长作出必要的任命。如果国际法院院长是缔约任何一方的国民，或由于其他原因不能履行此项任命，应请国际法院中非缔约任何一方的国民也无其他不胜任原因的最资深法官履行此项任命。
五、仲裁庭应自行决定其程序。仲裁庭应按照本协定以及缔约双方都承认的国际法原则作出决定。
六、仲裁庭的裁决应以多数票作出。裁决是终局的，对缔约双方均有拘束力。应任何缔约一方的请求，仲裁庭应对其所作的裁决进行解释。
七、争议各方应承担其仲裁员及出席仲裁程序的代表的费用。首席仲裁员和仲裁庭的其他费用应由争议双方平均承担。
ARTICLE 8
Settlement of Disputes between Contracting Parties
1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, as far as possible, be settled by consultation through diplomatic channel.
2. If a dispute cannot thus be settled within six months, it shall, upon the request of either Contracting Party, be submitted to an ad hoc arbitral tribunal.
3. Such tribunal comprises of three arbitrators. Within two months from the date on which either Contracting Party receives the written notice requesting for arbitration from the other Contracting Party, each Contracting Party shall appoint one arbitrator. Those two arbitrators shall, within three months from the date of their appointment, together select a third arbitrator who is a national of a third State which has diplomatic relations with both Contracting Parties. The third arbitrator shall be appointed by the two Contracting Parties as Chairman of the arbitral tribunal.
4. If the arbitral tribunal has not been constituted within five months from the date of the receipt of the written notice requesting for arbitration, either Contracting Party may, in the absence of any other agreement, invite the President of the International Court of Justice to appoint the arbitrator(s) who has or have not yet been appointed. If the President is a national of either Contracting Party or is otherwise prevented from discharging the said function, the next most senior member of the International Court of Justice who is not a national of either Contracting Party shall be invited to make the necessary appointment(s).
5. The arbitral tribunal shall determine its own procedure. The arbitral tribunal shall reach its award in accordance with the provisions of this Agreement and the principles of international law accepted by both Contracting Parties.
6. The tribunal shall reach its award by a majority of votes. Such award shall be final and binding on both Contracting Parties. The ad hoc arbitral tribunal shall, upon the request of either Contracting Party, explain the reasons of its award.
7. Each Contracting Party shall bear the costs of its appointed arbitrator and of its representation in arbitral proceedings. The relevant costs of the Chairman and the tribunal shall be bone in equal parts by the Contracting Parties.
第九条 投资者与缔约一方争议解决
一、缔约一方投资者与缔约另一方之间有关缔约另一方领土内的投资的任何法律争议，应尽可能由争议双方当事人通过协商友好解决。
二、如争议自争议一方提出协商解决之日起六个月内，未能通过协商解决，争议应按投资者的选择提交：
（一）作为争议一方的缔约方有管辖权的法院。
（二）依据１９６５年３月１８日在华盛顿签署的《解决国家和他国国民之间投资争端公约》设立的“解决投资争端国际中心”。前提是争议所涉的缔约方可以要求有关投资者在提交“解决投资争端国际中心”之前，用尽该缔约方法律和法规所规定的国内行政复议程序。
一旦投资者已决定将争议提交相关缔约方的有管辖权的法院或“解决投资争端国际中心”，对上述两种程序之一的选择应是终局的。
三、仲裁裁决应根据作为争议一方的缔约方包括其冲突法规则在内的法律、本协定的规定和被普遍接受的国际法原则作出。
四、裁决是终局的，对争议双方具有拘束力。缔约双方应承担执行裁决的义务。
五、争议各方应承担其指定的仲裁员及参与仲裁程序的费用。首席仲裁员和仲裁庭其他费用应由争议双方平均承担。仲裁庭可在裁决中指示争议双方中的一方承担较高比例的费用。
Article 9 Settlement of Investment Disputes between a Contracting Party and an Investor of the other Contracting Party
1. Any dispute between an investor of one Contracting Party and the other Contracting Party in connection with an investment in the territory of the other Contracting Party shall, as far as possible, be settled amicably through negations between the parties to the dispute.
2. If any dispute between an investor of one Contracting Party and the other Contracting Party cannot be thus settled within six months of the date when the request for the settlement has been submitted, the investor shall be entitled to submit the case, at his choice, for settlement to:
(a) the competent court of the Contracting Party which is the party to the dispute; or
(b) the International Centre for Settlement of Investment Disputes (ICSID) having regard to the applicable a provisions of the Convention on the Settlement of Investment Disputes between States and Nationals of other States opened for signature at Washington D.C. on 18 March 1965. Provided that the Contracting Party involved in the dispute may require the investor concerned to exhaust the domestic administrative review procedures specified by the laws and regulations of that Contracting Party before submission of the dispute to the aforementioned arbitration procedure.
Once the investor has submitted the dispute to the competent court of the Contracting Party which is the party to the dispute or the ICSID, the choice of procedure shall be final.
3. The arbitral tribunal shall reach its award in accordance with the provisions of this Agreement, conflicts laws and the principles of international law recognized by both Contracting Parties.
4. Such award shall be final and biding on both Contracting Parties. The ad hoc arbitral tribunal shall, upon the request of either Contracting Parties, explain the reasons of its award. Both Contracting Parties shall commit themselves to the enforcement of the award.
5. Each Contracting Party shall bear the cost of its appointed arbitrator and of its representation in arbitral proceedings. The relevant costs of the Chairman and the tribunal shall be borne in equal parts by the Contracting Parties. The tribunal may in its award direct that a higher proportion of the costs be borne by one of the parties to the dispute.
第十条 其他义务
ARTICLE 10
Other Obligation
一、如果缔约一方的立法或缔约双方之间现存或其后设立的国际义务使缔约一方投资者的投资享受比本协定规定的更优惠待遇的地位，该地位不受本协定的影响。
二、缔约任何一方应恪守其与缔约另一方投资者就投资所作出的承诺。
1. If the treatment to be accorded by one Contracting Party in accordance with its laws and regulations to investments or activities associated with such investments of investors of the other Contracting Party is more favourable than the treatment provided for in this Agreement , the favourable treatment shall not be effected by this Agreement.
2. Either Contracting Party shall be scrupulously abided by commitments concerning investments made to investors of the other Contracting Party.
第十一条 适用
ARTICLE 11
Application
本协定应适用于缔约一方投资者在缔约另一方境内依照相关缔约方法律法规于本协定生效前或生效后作出的投资，但不适用本协定生效前引起的争议。
This Agreement shall apply to investments made in the territory of either Contracting Party in accordance with its legislation or rules or regulations by investors of the other Contracting Party prior to as well as after the entry into force of this Agreement. The Agreement shall not apply to disputes arising before the entry into force of this Agreement.
第十二条 磋商
一、缔约双方为下列目的应随时进行会谈：
（一）审查本协定的执行情况；
（二）交流法律信息和投资机会；
（三）解决因投资产生的争议；
（四）提出促进投资的建议；
（五）研究与投资有关的其他事宜。
二、若缔约一方提出就本条第一款所列任何事宜进行磋商，缔约另一方应及时作出反应。磋商将轮流在北京与马拉博进行。
ARTICLE 13
Consultations
1. Both Contracting Parties shall hold meetings from time to time for the purpose of:
(a) reviewing the implementation of this Agreement;
(b) exchanging legal information and investment opportunities;
(c) resolving disputes arising out of investments;
(d) forwarding proposals on promotion of investment;
(e) studying other issues in connection with investment.
2. Where either Contracting Party requests consultation on any matter of Paragraph 1 of this Article, the other Contracting Party shall give prompt response and the consultation be held alternatively in Beijing and Malabo.
第十三条 生效
ARTICLE 13
Entry into Force
一、本协定自缔约双方完成各自国内法律程序并以书面形式相互通知之日起下一个月的第一天开始生效，有效期为十年。如缔约任何一方未在本条第一款规定的有效期期满前一年书面通知缔约另一方终止本协定，本协定将继续有效。本协定第一个十年有效期满后，缔约任何一方可随时终止本协定，但应提前一年书面通知缔约另一方。
1. This Agreement shall enter into force on the first day of the following month after the date on which both Contracting Parties notify each other in writing that their respective internal legal procedures necessary for the entry into force of this Agreement have been fulfilled and remain in force for a period of ten years. This Agreement shall continue in force if either Contracting Party fails to give a written notice to the other Contracting Party to terminate the Agreement one year before the expiration of initial ten years period.
二、对本协定终止之日前所作出的投资，本协定第一条至第十二条的规定应自本协定终止之日起继续适用十年。
2. With respect to investments made prior to the date of termination of this Agreement, the provisions of Article 1 to 12 shall continue to be effective for a further period of ten years from such date of termination.
三、本协定可以以缔约双方书面协议修改。任何修改应按与本协定生效所需程序相同的程序生效。
3. This Agreement may be amended in accordance with written agreement with both Contracting Parties involved. Any amendment shall not come into effect unless the same procedure for the entry force of this Agreement is fulfilled.
由双方政府正式授权其各自代表签署本协定，以昭信守。
In witness whereof, the undersigned, duly authorized thereto by their respective Governments, have signed this Agreement.
本协定于二○○五年十月二十日在北京签订，一式两份，每份都用中文和西班牙文写成，两种文本同等作准。
Done in duplicate, at Beijing on October 20,
中华人民共和国政府 赤道几内亚共和国政府
代 表 代 表
魏建国 马赛利诺·欧旺诺·艾杜
For the Government of the People’s Republic of China
For the Government of the Republic of Equatorial Guinea
