Bilateral investment treaties (BIT) are international agreements providing the terms, conditions and protections for private investment by individuals and entities of a contracting State (the home State) in the other Contracting State (the host State).
The proliferation of BITs at the turn of the 20th century has transformed the international investment environment, as they represent a crucial element of globalization.
As far as it is known, approximately 3,000 BITs were signed, and more than 2,000 are in force.
Italy is a party to 102 BITs (and 77 treaties with investment provisions, including the EU treaties). Turkiye is a party to 132 BITs (and 22 treaties with investment provisions).
On 22 March 1995, Italy and Turkiye signed their BIT, which entered into force on 2 March 2004. Its English text is available here.