what is meant by bilateral and multilateral trade?
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bilateral------
having or relating to two sides; affecting both sides.
involving two parties, especially countries. Multilateral trade --- Multilateral trade agreements are commerce treaties between three or more nations. The agreements reduce tariffs and make it easier for businesses to import and export. Since they are among many countries, they are difficult to negotiate.
having or relating to two sides; affecting both sides.
involving two parties, especially countries. Multilateral trade --- Multilateral trade agreements are commerce treaties between three or more nations. The agreements reduce tariffs and make it easier for businesses to import and export. Since they are among many countries, they are difficult to negotiate.
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☆Bilateral: The affecting reciprocally two nations or parties.
☆Multilateral trade: agreements are commerce treaties between three or more nations
☆Multilateral trade: agreements are commerce treaties between three or more nations
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