Question

As the result of globalisation the close relationship and interdependence of countries has formed

Answer 1

the interconnectedness between the country's is said to be globalisation

Answer 2

As a consequence of globalization, the close connection and relationship of nations have developed Bilateral trade arrangements.

A bilateral agreement sometimes considered as a "side deal" is a comprehensive expression used commonly to cover transactions connecting two parties. For general arrangements, they can range from legal responsibilities to non-binding concessions of principle An transaction contract among two countries or trading organizations gives each party preferred trade rank concerning goods received from the signatories. These agreements set investment guarantees eliminates tariffs and other trade barriers.