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 ?
Briefing a parliamentary committee recently, the ministry said it had proposed bilateral trade agreements to a number of South American countries but nothing concrete had been achieved so far.
The Ethiopian government has launched the IIAdeg GTP, Growth and Transformation Plan for 2015-2020 period to promote the industry and to exploit the several bilateral trade agreements signed with Western countries.
With the US placing less focus on multilateral trade agreements in favor of bilateral trade agreements, surveyed executives point to Vietnam (56 percent), Indonesia (50 percent) and Thailand (46 percent) as the most attractive potential bilateral FTA partners.
Tanzania with peace and political stability, strategic location, attractive investment regime, investment incentives and guarantees, abundance of natural resources, high growth potential, memberships of bilateral trade agreements, export processing and special economic zones, and leisure destinations, offered immense potential for trade and investment.
He said FPCCI supports the bilateral trade agreements with different countries to enhance Pakistan's trade relations but these are to be based on mutual benefits and at the same time protecting Pakistan's economic interests.
President FPCCI Zubair Tufail said in a statement that FPCCI supports the bilateral trade agreements with different countries to enhance Pakistan's trade relations but these are to be based on mutual benefits and at the same time protecting Pakistan's economic interests.
June 11, 2017 (HARARE) -- Zimbabwe and South Sudan are negotiating oil and other bilateral trade agreements as they deepen their political relations, a senior South Sudanese official has disclosed.
If Britain leaves the EU single market we will need a new trade agreement with the EU and its 27 states, and to re-negotiate 295 bilateral trade agreements with 168 non-EU countries to replace those the EU negotiated for us and its other member states, plus 400-500 others for regulatory co-operation and detailed agreements for fisheries, agriculture, aviation, etc.
If Britain leaves the EU single market we will need a new trade agreement with the EU and its 27 states, and to renegotiate 295 bilateral trade agreements with 168 non-EU countries (Financial Times calculation) to replace those the EU negotiated for us, plus 400-500 others for regulatory co-operation and detailed agreements for fisheries, agriculture, aviation, etc.
For some of the UK electorate that voted to leave the European Union on June 23th 2016, an independent UK freed from the shackles of the EU will be able to pen its own bilateral trade agreements with others.
In the area of trade and investment, the modernisation of the Global Agreement will build on what has been covered in the most recent EU and Mexican bilateral trade agreements with a view to securing better rules for all and the highest possible level of liberalisation.
During his presentation of the report, El-Khafif, who contributed in preparing the report, said that multilateral trade agreements recognise the "legitimate" concerns of developing countries and they are more flexible than the bilateral trade agreements.

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