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2004ModelBITTREATYBETWEENTHEGOVERNMENTOFTHEUNITEDSTATESOFAMERICAANDTHEGOVERNMENTOF[Country]CONCERNINGTHEENCOURAGEMENTANDRECIPROCALPROTECTIONOFINVESTMENTTheGovernmentoftheUnitedStatesofAmericaandtheGovernmentof[Country](hereinafterthe“Parties”);DesiringtopromotegreatereconomiccooperationbetweenthemwithrespecttoinvestmentbynationalsandenterprisesofonePartyintheterritoryoftheotherParty;RecognizingthatagreementonthetreatmenttobeaccordedsuchinvestmentwillstimulatetheflowofprivatecapitalandtheeconomicdevelopmentoftheParties;Agreeingthatastableframeworkforinvestmentwillmaximizeeffectiveutilizationofeconomicresourcesandimprovelivingstandards;Recognizingtheimportanceofprovidingeffectivemeansofassertingclaimsandenforcingrightswithrespecttoinvestmentundernationallawaswellasthroughinternationalarbitration;Desiringtoachievetheseobjectivesinamannerconsistentwiththeprotectionofhealth,safety,andtheenvironment,andthepromotionofinternationallyrecognizedlaborrights;HavingresolvedtoconcludeaTreatyconcerningtheencouragementandreciprocalprotectionofinvestment;Haveagreedasfollows:SECTIONAArticle1:DefinitionsForpurposesofthisTreaty:“centrallevelofgovernment”means:(a)fortheUnitedStates,thefederallevelofgovernment;and(b)for[Country],[].“Centre”meanstheInternationalCentreforSettlementofInvestmentDisputes(“ICSID”)establishedbytheICSIDConvention.“claimant”meansaninvestorofaPartythatisapartytoaninvestmentdisputewiththeotherParty.“coveredinvestment”means,withrespecttoaParty,aninvestmentinitsterritoryofaninvestoroftheotherPartyinexistenceasofthedateofentryintoforceofthisTreatyorestablished,acquired,orexpandedthereafter.“disputingparties”meanstheclaimantandtherespondent.“disputingparty”meanseithertheclaimantortherespondent.“enterprise”meansanyentityconstitutedororganizedunderapplicablelaw,whetherornotforprofit,andwhetherprivatelyorgovernmentallyownedorcontrolled,includingacorporation,trust,partnership,soleproprietorship,jointventure,association,orsimilarorganization;andabranchofanenterprise.“enterpriseofaParty”meansanenterpriseconstitutedororganizedunderthelawofaParty,andabranchlocatedintheterritoryofaPartyandcarryingoutbusinessactivitiesthere.“existing”meansineffectonthedateofentryintoforceofthisTreaty.“freelyusablecurrency”means“freelyusablecurrency”asdeterminedbytheInternationalMonetaryFundunderitsArticlesofAgreement.“GATS”meanstheGeneralAgreementonTradeinServices,containedinAnnex1BtotheWTOAgreement.-2-“governmentprocurement”meanstheprocessbywhichagovernmentobtainstheuseoforacquiresgoodsorservices,oranycombinationthereof,forgovernmentalpurposesandnotwithaviewtocommercialsaleorresale,oruseintheproductionorsupplyofgoodsorservicesforcommercialsaleorresale.“ICSIDAdditionalFacilityRules”meanstheRulesGoverningtheAdditionalFacilityfortheAdministrationofProceedingsbytheSecretariatoftheInternationalCentreforSettlementofInvestmentDisputes.“ICSIDConvention”meanstheConventionontheSettlementofInvestmentDisputesbetweenStatesandNationalsofOtherStates,doneatWashington,March18,1965.[“Inter-AmericanConvention”meanstheInter-AmericanConventiononInternationalCommercialArbitration,doneatPanama,January30,1975.]“investment”meanseveryassetthataninvestorownsorcontrols,directlyorindirectly,thathasthecharacteristicsofaninvestment,includingsuchcharacteristicsasthecommitmentofcapitalorotherresources,theexpectationofgainorprofit,ortheassumptionofrisk.Formsthataninvestmentmaytakeinclude:(a)anenterprise;(b)shares,stock,andotherformsofequityparticipationinanenterprise;(c)bonds,debentures,otherdebtinstruments,andloans;1(d)futures,options,andotherderivatives;(e)turnkey,construction,management,production,concession,revenue-sharing,andothersimilarcontracts;(f)intellectualpropertyrights;(g)licenses,authorizations,permits,andsimilarrightsconferredpursuanttodomesticlaw;2,3and1Someformsofdebt,suchasbonds,debentures,andlong-termnotes,aremorelikelytohavethecharacteristicsofaninvestment,whileotherformsofdebt,suchasclaimstopaymentthatareimmediatelydueandresultfromthesaleofgoodsorservices,arelesslikelytohavesuchcharacteristics.2Whetheraparticulartypeoflicense,authorization,permit,orsimilarinstrument(includingaconcession,totheextentthatithasthenatureofsuchaninstrument)hasthecharacteristicsofaninvestmentdependsonsuchfactorsasthenatureandextentoftherightsthattheholderhasunderthelawoftheParty.Amongthelicenses,authorizations,permits,andsimilarinstrumentsthatdonothavethecharacteristicsofaninvestmentarethosethatdonotcreateanyrightsprotectedunderdomesticlaw.Forgreatercertainty,theforegoingiswithoutprejudicetowhetheranyassetassociatedwiththelicense,authorization,permit,orsimilarinstrumenthasthecharacteristicsofaninvestment.-3-(h)othertangibleorintangible,movableorimmovableproperty,andrelatedpropertyrights,suchasleases,mortgages,liens,andpledges.“investmentagreement”meansawrittenagreement4betweenanationalauthority5ofaPartyandacoveredinvestmentoraninvestoroftheotherParty,onwhichthecoveredinvestmentortheinvestorreliesinestablishingoracquiringacoveredinvestmentotherthanthewrittenagreementitself,