Bilateral Trade Agreement


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Bilateral Trade Agreement

A trade pact between two parties. The parties are usually two countries, but one or both may be a supranational organization like the European Union. Bilateral trade agreements usually, but do not always, reduce tariffs and other trade barriers between the parties. They may extend privileges the parties do not give to other countries, or they may mirror similar treaties with other countries.
References in periodicals archive ?
Brazil, Mexico also discuss bilateral trade agreement
House has approved a bilateral trade agreement with Vietnam in a move that could help open that market to insurers.
The Bilateral Trade Agreement has become a key catalyst for change in Vietnam, along with parallel reform programs undertaken by the World Bank and the IMF.
CONCLUDING OVER four years of negotiations, representatives of the Vietnamese and United States Governments signed the bilateral trade agreement (BTA) in Washington on 13 July last year.
The two countries reached a bilateral trade agreement in July last year, and President Bill Clinton has repeatedly said he is interested in visiting Vietnam within his term.
Mr Robb will also continue high-level discussions aimed at finalising a comprehensive bilateral trade agreement between Australia and India.
He said the two sides have also agreed to negotiate a Bilateral Trade Agreement and considering the signing of an Economic Cooperation Agreement.
of Arizona) presents a comparative analysis of regional trade agreements around the world, adopting an inclusive definition that encompasses typical agreements such as the North American Free Trade Agreement and customs unions such as MERCOSUR (the Southern Cone Common Market), as well as agreements that are more limited in scope, such as the US-Vietnam Bilateral Trade Agreement or agreements among developing countries that meet the less stringent requirements of the 1979 GATT "Enabling Clause.
and Vietnam have experienced a dramatic increase in our commercial relations since the Bilateral Trade Agreement came into effect on December 10, 2001," said the U.
The bilateral trade agreement was signed in July last year after rounds of marathon negotiations, paving the way for former President Bill Clinton's historic visit to Vietnam late last year as the first U.
It also covers the market trends and outlook, infrastructure, taxes, motorcycles, the US-Vietnam Bilateral Trade Agreement (BTA), the Master Plan for Vietnams Automobile Industry, objectives of the master plan, planning orientation by 2010, sources of investment funding, implementation organizations and oil prices.
Prime Minister Nguyen Tan Dung and his Lao counterpart Thongsing Thammavong agreed to conclude negotiations on the signing of a new bilateral trade agreement, which forms the legal framework for achieving the two countries goal of 2 billion USD in trade by 2015.

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