June 23, 2017: On May 16, 2017, President Correa of Ecuador terminated 16 Bilateral Investment Treaties (BITs). This action followed the recommendation of the Ecuadorian Commission that audited the country's Investment Protection Treaties, and found they were not in the national interest.
Other Bilateral FTAs
The impasse at the World Trade Organisation has seen many countries respond by exploring bilateral and regional trade agreements.
The proliferation of bilateral agreements is characterised by imbalances in trading power, lack of adequate impacts assessment, and often more regulatory restrictions for governments than under the WTO.