Article 12 Entry into Force and Duration of the Agreement

1. Each Contracting Party shall notify in writing the other Contracting Party of the completion of internal state procedures required for the entry into force of this Agreement. This Agreement shall enter into force on the date of the latter of the two notifications.

2. This Agreement shall remain in force for a period of fifteen years. Thereafter it shall be automatically extended for subsequent periods of five years unless one of the Contracting Parties notifies in writing the other Contracting Party, no less than twelve months prior to the end of the corresponding period, of its intention to terminate this Agreement.

3. This Agreement may be amended by mutual written consent of the Contracting Parties. Any amendment to this Agreement shall enter into force in accordance with the provisions of the arrangement containing such amendment.

4. In respect of investments falling within the scope of application of this Agreement made prior to the date of termination of this Agreement, the provisions of this Agreement shall remain in force for the further period of ten years from the date of termination of this Agreement.