International Investment Agreements Key Issues Volume Iii

The conclusion of BITs developed from the second half of the twentieth century and these agreements are now a key element of contemporary international foreign investment law. The United Nations Conference on Trade and Development (UNCTAD) defines bits as “an agreement between two countries for the promotion, promotion and protection of investments in each other`s territories by companies established in one of the two countries”. [3] While over the years the basic content of DTT has remained broadly the same and focuses on investment protection as a central theme, in recent years issues that reflect public policy concerns (e.g. (health, safety, essential safety or environmental protection) have been more often integrated into NTBs.