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 ?
Dubai Customs said that this visit by His Highness Sheikh Mohammed bin Zayed to China further reinforces strategic partnership between both countries through the signing of various bilateral trade agreements.
Mian Nauman Kabir said that bilateral trade agreements were indispensable for increasing trade volume between Pakistan and Nepal, adding that both had SAARC membership and had brotherly relations with each other.
LAHORE -- Pakistan Industrial and Traders Associations Front (PIAF) Chairman Mian Nauman Kabir said Saturday that bilateral trade agreements are very much necessary for increasing trade volume between Pakistan and Nepa as both the countries are SARC members.
LAHORE -- LahoreChairman Pakistan Industrial and Traders Associations Front (PIAF) Mian Nauman Kabir has said that bilateral Trade agreements are very much necessary for increasing trade volume between Pakistan and Nepal.
Lahore -- -Chairman Pakistan Industrial and Traders Associations Front (PIAF) Mian Nauman Kabir has said that bilateral Trade agreements are very much necessary for increasing trade volume between Pakistan and Nepal.
Congress is widely seen as being unfavourable to ending NAFTA, and to the Trump administration's proclivity for favouring bilateral trade agreements in place of trading blocs.
At the same time, it is far more cost-effective to have world trading rules that are harmonised with the true multilateral nature of the global economy, rather than an artificial hodgepodge of separate bilateral trade agreements that superimpose fragmented rules on a game that is less and less fragmented.
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.
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.

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