BITs (Bilateral Investment Treaties)

Bilateral Investment Treaties (BITs) are agreements between two countries that aim to promote and protect investments made by investors from each country in the other's territory. They establish rules to ensure fair treatment, prevent unfair expropriation, and provide mechanisms for resolving disputes. Essentially, BITs create a legal framework to encourage cross-border investments by offering security and protections for investors, fostering economic cooperation and stability between the signatory nations.