In general terms, Bolivia remains open to foreign direct investment (FDI). The 2014 investment law guarantees equal treatment for national and foreign firms, however it also stipulates that public investment has priority over private investment (both national and foreign) and that the Bolivian government will determine which sectors require private investment.The Government of Bolivia has delivered to the United States a notice of termination for the BIT between the countries, a termination that will take effect on June 2012. As of June 2012, the treaty will cease to have effect except that it will continue to apply for another 10 years over covered investments existing at the time of termination.