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Topic: Business
Number of pages / Number of words: 2 / 532
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Reciprocity. Binding and enforceable commitments. Transparency. Safety valves.

A Bilateral trade agreement (BTA) is a trade agreement between any two countries, usually in order to reduce tariffs and quotas on items traded between themselves. A BTA may be either preferential, wherein benefits and obligations apply only to the two signatories, or most-favored, which applies terms that are already given to other nations under similar agreements...


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Reciprocity. Binding and enforceable commitments. Transparency. Safety valves.

A Bilateral trade agreement (BTA) is a trade agreement between any two countries, usually in order to reduce tariffs and quotas on items traded between themselves. A BTA may be either preferential, wherein benefits and obligations apply only to the two signatories, or most-favored, which applies terms that are already given to other nations under similar agreements...


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