The Government of the Kingdom of Saudi Arabia and the Government of the Republic of Honduras (hereinafter referred to as the contracting parties) desire to strengthen the bonds of friendship between the two countries, enhance the ties between their peoples, and develop and support cooperation between their countries in the fields of economic, commercial, investment, educational, scientific, technical, cultural, media, tourism, youth, and sports, and in recognition of the benefits that can accrue to both countries as a result of enhancing cooperation between them in accordance with the regulations and laws in force in both countries, the contracting parties have agreed as follows:

The contracting parties encourage economic, commercial, and investment cooperation between their countries and their citizens, whether natural or legal persons. This cooperation includes, but is not limited to, the following:

• A- Cooperation in all economic fields, including industrial, petroleum, mineral, petrochemical, agricultural, livestock, tourism, and health projects.

• B- Encouraging the exchange of knowledge and technical expertise necessary for specific cooperative programs.

The contracting parties shall make their best efforts to encourage their commercial relations, expand them, and diversify them within the framework of international commercial law.

The contracting parties agree to the following:

• A- Encourage and facilitate the investments of their citizens in all fields except for those excluded according to the internal regulations of their countries.

• B- Encourage the establishment of investment projects in accordance with the investment laws and regulations in force in their countries.

• C- The contracting parties shall make their utmost efforts to conclude an agreement to encourage and protect investment between their countries.

A- The contracting parties encourage the exchange of visits by representatives, delegations, and economic, commercial, and technical missions, whether from the public or private sector.

B- The contracting parties encourage participation in trade exhibitions held in their countries and provide the necessary facilities for that.

The contracting parties shall work on the following:

• A- Encouraging cooperation in the fields of education, scientific research, and technology through the exchange of information in areas of mutual interest, the exchange of information related to scientific and technical research, the exchange of visits among officials, researchers, experts, and specialists, training researchers and technical assistants, and participating in seminars and scientific conferences of mutual interest.

• B- Encouraging cooperation in cultural, sports, and youth fields by coordinating positions in international forums, exchanging programs between institutions, associations, and sports and youth federations, as well as exchanging visits and experiences among officials responsible for youth and sports affairs.

• C- Encouraging cooperation in media fields, including visual, audio, and printed media, through the exchange of visits and experiences between public and private media institutions in programming and technical areas, exchanging audio-visual and printed materials, and participating in related festivals.

• D- Promoting and developing tourism between the two countries by exchanging tourism information, and encouraging group and individual tourism for the citizens of both countries.

The contracting parties undertake not to use the information exchanged between them except for the purposes designated for it in accordance with what they agree upon, and each party commits not to transfer any of the information exchanged between them to a third party without the written consent of the contracting party that provided it.

A- The contracting parties shall work on concluding independent agreements in specific fields of mutual interest whenever necessary.

B- The relevant authorities in both countries shall negotiate to prepare agreements and joint executive cooperation programs in any of the areas stipulated in this agreement, and these programs shall be approved by the joint committee, if any.

The contracting parties shall form a joint committee to follow up on the implementation of this Agreement, if necessary.