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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.


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Taiwan wants to enter into formal negotiations on a bilateral trade agreement with China soon, the island's economic minister said here on Thursday.
The most powerful economic arguments against regional and bilateral trade agreements are that they can cause trade diversion and trade distortions and ultimately undermine the multilateral system because of their discriminatory nature.
Brazil, Mexico also discuss bilateral trade agreement While the focus of the conversations between Calderon and Lula was on cooperation in their energy sectors, they also discussed extending their trade relationship.
 
 
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