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 ?
Senate will vote next on the bilateral trade agreement. Vietnam also has to approve the agreement, but its government has indicated it won't seek approval from its Legislature until Congress approves, Savercool said.
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.
and China finally reached a bilateral trade agreement that will open the way for China's accession to the WTO.
United Kingdom's International Trade Secretary Liam Fox will be visiting Manila in April, a few days after Britain formally starts its divorce from the European Union, in a bid to reassure the Philippines of its interest for a bilateral trade agreement.
ACCOUNTANTS signed a bilateral trade agreement to help giant Chinese manufacturer Singyes Solar a break into the UK market.
NEW DELHI -- The government has said it had started the process of negotiating a bilateral trade agreement with Indonesia, while announcing its intent to conclude talks on a similar pact with the European Union by the end of the year.
The inland water transit protocol was first signed in 1980 under the bilateral trade agreement of that year which provides to make mutually beneficial arrangements for the use of their waterways for commerce maintaining the river routes within its territory in a navigable condition.
Dominican industries are expressing their disapproval over the possibility of the DR signing a bilateral trade agreement with Taiwan, saying that the country doesn't possess the economic, social or political conditions to go ahead with such an agreement, reports El Caribe (Oct.
"The concern that has prevailed throughout Peru's business sector over the past year has quickly transformed into a state of reserved optimism as a bilateral trade agreement with the United States becomes plausible," says Juan Mulder, president of Peru's Foreign Commerce Society (Comex), which represents the country's largest exporters.
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.S.
China and Switzerland concluded a bilateral trade agreement that eventually will allow three Swiss insurers to offer their services in the Chinese market--and that leaves China just one agreement shy of having all the bilateral accords it needs for accession to the World Trade Organization.
A bilateral trade agreement, considered by Washington to be the stepping stone to NTR, was negotiated in 1999 and signed in July 2000.

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