Bilateral investment treaty
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A bilateral investment treaty (BIT) is an agreement establishing the terms and conditions for private investment by nationals and companies of one state in another state. This type of investment is called foreign direct investment (FDI). BITs are established through trade pacts. A nineteenth-century forerunner of the BIT is the friendship, commerce, and navigation treaty (FCN).
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See also
- Agreement on Trade Related Investment Measures (WTO agreement)
- Trade and Investment Framework Agreement (TIFA)
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