|
| | ||||
![]() |
![]() |
![]() |
![]() |
![]() |
The exchange of goods between two countries.
Bilateral trade agreements give preference to certain countries in commercial relationships, facilitating trade and investment between the home country and the foreign country by reducing or eliminating tariffs, import quotas, export restraints and other trade barriers. Bilateral trade agreements can also help minimize trade deficits.