Bilateral Investment Treaties (BITs)

Bilateral Investment Treaties (BITs) are agreements between two countries that protect investments made by one country's investors in the other country. These treaties aim to encourage foreign investments by providing security against unfair treatment, expropriation without compensation, and ensuring a fair process if disputes arise. Essentially, BITs promote a stable environment for investment by promising that the host country will treat foreign investors fairly and transparently, helping to foster economic growth and cooperation between the two nations.