Bit Trade Agreement

protection of foreign investment in countries where investor rights are not yet protected by existing agreements (for example. B modern friendship, trade and navigation agreements or free trade agreements); International investment agreements (AI) are divided into two types: (1) bilateral investment agreements and (2) investment contracts. A bilateral investment agreement (ILO) is an agreement between two countries to promote and protect investments made by investors from the countries concerned in the territory of the other country. The vast majority of IDu are bits. The category of contracts with investment rules (TIPs) includes different types of investment contracts that are not BITs. There are three main types of TIPs: 1) global economic contracts that contain commitments that are often included in ILOs (. B, for example, a free trade agreement with an investment chapter); 2. contracts with limited investment provisions (for example. B, investment creation or free transfer of investment-related funds; and 3) contracts that contain only „framework clauses,“ such as. B on investment cooperation and/or a mandate for future investment negotiations. In addition to IDAMIT, there is also an open category of investment-related instruments (IRIs). It includes various binding and non-binding instruments, such as model agreements and draft instruments, multilateral conventions on dispute settlement and arbitration rules, documents adopted by international organisations and others.

The official name of this type of agreement is: „Treaty between the Government of the United States of America and the Government of the Country on the Promotion and Mutual Protection of Investments.“ They are commonly referred to as bilateral investment contracts or bits. The conditions under which performance requirements can be imposed are limited. Performance disciplines apply to certain circumstances that would require ineffective and exchange-distorting practice (e.g. B local content requirements or export quotas) as a precondition for establishment, acquisition, extension, management, behaviour or operation. It should ensure that future and existing investment agreements are compatible with the commitments made by the United Kingdom under the United Nations and other international human rights and environmental instruments, for example through the inclusion of: Bilateral Investment Agreements (ILOs) are agreements between two governments that claim to encourage investment flows and protect international investors and their investments.