November 2001. Comment: It stipulates that any investor-state dispute involving the amount of compensation may be submitted to ad hoc arbitral tribunal if they cannot be settled through negotiation within a year. With regard to the standards of treatment, apart from fair and equitable treatment, for China it stipulates that investment shall be accorded most favoured nation treatment, whilst for Syria it requires that investment shall be accorded national treatment, which is different from the second Model BIT. The Government of the People's Republic of China and the Government of the Syrian Arab Republic (hereinafter referred to as the Contracting Parties), Intending to create favorable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party; Recognizing that the reciprocal encouragement, promotion and protection of such investments will be conducive to stimulating business initiative of the investors and will increase prosperity in both States; Desiring to intensify thd economic cooperation of both States on the basis of equality and mutual benefits; Have agreed as follows:
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Sources: Bilateral Investment Treaty, Bilateral Investment Treaty (Bit)