In this case, almost all of our regular daily transactions are bilateral contracts and involve understanding bilateral contracts. Sometimes this happens in signed agreements and often without agreement. “An agreement between two countries that includes reciprocal commitments to promote and protect private investment by the nationals of the signatories in the territories of the other country. These agreements set out the conditions under which nationals of one country invest in the other country, including their rights and protection. The bilateral investment treaty is a reciprocal agreement between two countries that encourages the promotion and protection of investment in each country implemented by their respective national companies. The court is checking whether each party in the agreement offers something of particular value. If so, the treaty can be classified as a bilateral treaty. The bilateral investment contract also recognizes the transfer of insurance payments by the insurer designated by the investor himself. By signing a bilateral investment agreement, countries withdraw foreign investment in their territory and ensure that their country`s investors receive protection when investing in other countries. In general, the parties to the ILO agree to formulate a fair dispute resolution mechanism, to implement non-discriminatory treatment and not to distinguish between investors. The objective of equal treatment is certainly to respect public investment policies in both countries. The free trade agreement allows trade in goods or services between countries to cross the borders of other countries without tariff or non-tariff barriers.
Tariff barriers refer to taxes levied on a country`s products, such as import duties or import taxes (PDRI). The bilateral treaty consists of two words, namely bilateral and treaty In an interview with the press, Director General Hubud said that the air agreement with Greece is one of Indonesia`s efforts in the bilateral approach.