眾律國際法律事務所

Bilateral Investment Treaties Concluded by Taiwan

A Bilateral investment treaty (BIT) is an agreement between two countries that sets up the rules for foreign investment in each other’s countries, providing companies and individuals with special rights and legal protections when they invest in a foreign country. Therefore, in order to address foreign investors’ concerns and promote investing, many countries have entered intro bilateral treaties for the protection of investment. When two countries enter into a BIT, both agree to provide protections for the other country’s foreign investors that they would not otherwise have, reducing many of the risks associated with foreign investment. It provides major benefits to foreign investors, including fair and equitable treatment. A key protection offered by the majority of bilateral investment treaties is to allow international arbitration in the event of an investment dispute, rather than to force foreign investors to sue the host-State in its own courts. In this context, BITs are typically created to promote investment in the host State.

The United Nations Conference on Trade and Development (UNCTAD) reaches the following 23 bilateral investment agreements in force concluded by the Republic of China with the following contracting states:

Not named by the United Nations, but named by the U.S. Department of State. In 25/06/1952 the United States and Taiwan signed the agreement called “Agreement Dealing with Guaranty of American Investment of Private Capital in Taiwan”.

Other Investment Agreements

Reference:

UNCTAD: Taiwan Province of China

http://investmentpolicyhub.unctad.org/IIA/CountryBits/205#iiaInnerMenu

U.S. Department of State. Diplomacy in Action. Taiwan:

http://www.state.gov/e/eb/rls/othr/ics/2012/191245.htm