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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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