释义 |
multilateral investment treaty (MIT) An investment treaty between three or more states, as opposed to a bilateral investment treaty (BIT) between two. An obvious difference is that MITs are usually wider in scope, covering more factors than BITs; at the same time, most MITs include similar core standards to BITs, with clauses dealing with e.g. expropriation, fair and equitable treatment, and most favoured nation status. Three of the most significant MITs are the North American Free Trade Agreement (NAFTA) of 1992, the Energy Charter Treaty (ECT) of 1995, and the Central American Free Trade Agreement (CAFTA) of 2006. |