Question

Bilateral trade agreement its meaning of objectives

Answer 1

Explanation:

A bilateral agreement, also called a clearing trade or side deal, refers to an agreement between parties or states that aims to keep trade deficits. It is also known as the balance of international payments and if often abbreviated as BOP. It summarizes all payments and receipts by to a minimum.

Answer 2

Explanation:

A bilateral agreement, also called a clearing trade or side deal, refers to an agreement between parties or states that aims to keep trade deficits. It is also known as the balance of international payments and if often abbreviated as BOP. It summarizes all payments and receipts by to a minimum.