bilateral investment treaty |
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Definition
Agreement between two countries to ensure, among other things, that (1) investors of either country are allowed to hire top management personnel of any nationality, (2) have the right to make investment related transfers, (3) assets belonging to one country's investors in the other country can only be expropriated in accordance with the international law, and (4) investors will have access to binding international arbitration in dispute settlement.
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bilateral investment treaty is in the International Trade & Relations and Investing subjects.
bilateral investment treaty appears in the definitions of the following terms: trade pact, Preferential Trade Agreement (PTA) and Trade and Investment Framework Agreement (TIFA)
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