Review:
Bilateral Trade Agreements
overall review score: 4.5
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score is between 0 and 5
Bilateral trade agreements are agreements between two countries that facilitate trade and promote economic cooperation between them.
Key Features
- Reduce tariffs and trade barriers
- Promote economic growth
- Enhance market access
- Improve investment opportunities
Pros
- Increased trade opportunities
- Stimulates economic growth
- Enhances market competitiveness
Cons
- May disadvantage smaller or less developed countries
- Can lead to dependency on certain trading partners