A Multilateral Investment Agreement (MIA) is a treaty between multiple countries aimed at promoting and protecting investments across borders. These agreements establish a framework that encourages foreign direct investment by providing legal protections for investors, such as fair treatment and protection against expropriation. MIAs often include provisions for dispute resolution, allowing investors to seek arbitration if their rights are violated. By creating a stable and predictable environment for investment, MIAs help foster economic growth and cooperation among the participating countries, enhancing their overall attractiveness as investment destinations.