International Agreement Philippines

International investment agreements (IIAs) are divided into two types: (1) bilateral investment agreements and (2) investment agreements. A bilateral investment agreement (BIT) is an agreement between two countries on the promotion and protection of investments made by investors of the countries concerned in the territory of the other country. The vast majority of AIIs are BITs. The category of contracts with investment rules (TIPs) includes different types of investment agreements that are not NTBs. Three main types of PNT can be distinguished: 1. global economic contracts, which contain obligations usually found in THE ILO (e.g. B a free trade agreement with an investment chapter); (2) contracts with limited investment provisions (e.g. B only those relating to the creation of investments or the free transfer of investment funds); and 3. Contracts that contain only “framework clauses”, such as. B cooperation on investments and/or mandates for future investment negotiations. In addition to AIIs, there is also an open category of investment-related instruments (IRIs). It includes several binding and non-binding instruments, such as model agreements and drafts, multilateral conventions on dispute settlement and arbitration rules, documents adopted by international organizations and others. A contract is excluded from the IIA`s census as soon as its termination takes effect, as soon as it continues to have a legal effect on certain investments during its survival period (“sunset”).

In case of renewal of a contract, only one of the contracts between the same parties is counted. Depending on the situation, the treaty counted may be the old one if it remains in force until the ratification of the newly concluded IIA.. . . .