Exploring the Impact of Bilateral Investment Treaties (BITs) on Global Economic Relations

Introduction

Bilateral Investment Treaties (BITs) have emerged as crucial instruments in shaping global economic relations in the 21st century. These agreements between two countries aim to promote and protect investments made by investors from one country in the other, thereby facilitating cross-border economic activities. The purpose of this report is to explore the impact of BITs on global economic relations, examining how these treaties influence foreign direct i