Multilateral Trade Agreement
/ˌmʌltɪˈlætərəl treɪd əˈɡriːmənt/
Definitions
- (n.) A treaty among three or more countries establishing common rules for trade relations, tariffs, and dispute resolution.
The WTO is an example of a multilateral trade agreement that regulates international commerce.
Forms
- multilateral trade agreement
- multilateral trade agreements
Related terms
See also
Commentary
Multilateral trade agreements often require complex negotiation to balance the interests of multiple sovereign states.
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.