Question

what is bilateral trade​

Answer 1

Answer:

Bilateral trade or clearing trade is trade exclusively between two states, particularly, barter trade based on bilateral deals between governments, and without using hard currency for payment. Bilateral trade agreements often aim to keep trade deficits at minimum by keeping a clearing account where deficit would accumulate.

Answer 2

Answer:

• Bilateral trade is the exchange of goods between two nations promoting trade and investment.
• The two countries will reduce or eliminate tariffs, import quotas, export restraints, and other trade barriers to encourage trade and investment.