What is international investment law? Whereas the WTO (World Trade Organization) exists for international trade. The international investment law system doesn’t have an overarching organization.
Investment Treaties: According to the 2019 world investment report there are 2923 BITS (Bilateral Investment Treaties) and 385 TIPS (Treaties with Investment Provisions). The first BIT was included between Germany and Pakistan in 1959. To provide protection of foreign investment. The golden years of the BIT were from the 1990s to the 2000s. About 160 BITs work every year. The relation of BITs gained movement during the era as developing countries incorporated BITs into their national economic development schemes where they promote their development in foreign direct investment. Although the primary purpose of the BITs program was to provide foreign investment protection to the capital-exporting undeveloped countries.
Agreements with investment chapters like NAFTA work include adding cheap milestone adjectives such as investment promotion and liberalization.