Bilateral Trade Agreement
/ˌbaɪˈlætərəl treɪd əˈɡriːmənt/
Definitions
- (n.) A legally binding contract between two countries to regulate trade terms, tariffs, and economic cooperation.
The bilateral trade agreement between the two nations reduced tariffs on manufactured goods.
Forms
- bilateral trade agreement
- bilateral trade agreements
Related terms
See also
Commentary
Such agreements require precise language to define obligations and dispute resolution mechanisms to prevent future conflicts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.