On the signing of the Agreement on encouragement and reciprocal protection of investments between the State of Eritrea and the Kingdom of the Netherlands, the undersigned representatives have agreed on the following provision which constitutes an integral part of the Agreement:
Ad Article 3, paragraph 1
For the avoidance of doubt it is confirmed that the transfer in a freely convertible currency, without restriction or delay of:
- – funds necessary
- (i)for the acquisition of raw or auxiliary materials, semi-fabricated or finished products,or
- (ii)to replace capital assets in order to safeguard the continuity of an investment;
- – additional funds necessary for the development of an investment;shall not be impaired by unreasonable or discriminatory measures.
DONE in two originals at Asmara, on 2 December 2003, in the English language.
For the Kingdom of the Netherlands
J. M. G. BRANDT
For the State of Eritrea
W. FUTUR
