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 ?
There is no doubt that the signing of a bilateral trade agreement with the United States represents a major move forward for Vietnam at a time when foreign investor confidence is at a low point.
The European Union concluded a bilateral trade agreement with China in May that netted a commitment from Beijing to offer seven new insurance licenses before China's WTO accession.
still treats Vietnam with a double standard; the July 2000 signing of a bilateral trade agreement is one step toward a balanced policy.
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.
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.
The new bilateral Trade Agreement aims to enhance trade between the two countries through trade facilitation by improving procedures, cutting down on documentation and adding additional exit/entry points for Bhutans trade with other countries.
JPEPA is said to be the first comprehensive bilateral trade agreement entered into by the Philippines with Japan.
The Bilateral Trade Agreement between India and Bangladesh was originally signed in 1980.
The new accord is to replace the 1965 bilateral trade agreement that has governed the transit of goods to landlocked Afghanistan through Pakistan.
Following are major headlines in this morning newspapers: - King and Erdogan review bilateral trade agreement and Palestinian Issue.
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.
3 that China's unwillingness to show Swiss insurers the same generosity it is offering their European Union competitors was a stumbling block to concluding a bilateral trade agreement necessary to bring China's 14-year quest for WTO membership to a successful conclusion.

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