Fair and Equitable Treatment

Fair and Equitable Treatment (FET) is a principle in international law ensuring that foreign investments are treated fairly and without discrimination by a host country. It means that countries should not treat foreign investors worse than their own citizens and should protect investors from arbitrary or unjust actions. FET aims to create a stable business environment, promoting confidence in foreign investments, which is vital for economic growth. In essence, it's about providing consistent, unbiased, and just treatment to all investors, fostering trust and encouraging international trade and investment.