What is Bilateral Trade?

Sunday, November 20, 2016

Bilateral Trade refers to the exchange of goods between two countries that facilitates trade and investment by reducing or eliminating tariffs, import quotas, export restraints and other trade barriers.

Bilateral Trade refers to the cross border transactions that occur between two countries.

A number of nations have set up bilateral trade agreements with a major trading partner in order to facilitate trade and economic stability between their respective countries.

Such agreements often substantially reduce barriers to trade such as duties, customs procedures and quotas.
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