Definition
A bilateral trade agreement is a pact or treaty negotiated and ratified between two countries to regulate and facilitate trade and economic relations between them. Bilateral trade agreements establish terms, conditions, and concessions regarding tariffs, quotas, market access, investment protection, and other trade-related matters to promote bilateral trade, investment, and cooperation between the contracting parties. Bilateral trade agreements are tailored to the specific interests, priorities, and circumstances of the participating countries and aim to reduce trade barriers, expand market opportunities, and strengthen economic ties between trading partners.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.