Bilateral Investment Treaty (BIT) Programme

A Bilateral Investment Treaty (BIT) Programme is an agreement between two countries that aims to promote and protect investments made by investors from one country into the other. It provides legal assurances, such as fair treatment and protection against expropriation, reducing risks for investors. The goal is to encourage cross-border investments by creating a secure and predictable legal environment, fostering economic growth and cooperation between the nations involved. BITs often include dispute resolution mechanisms, allowing investors to resolve conflicts through international arbitration rather than domestic courts.