Definition of Multilateral agreement

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TeachMeFinance.com - explain Multilateral agreement



Multilateral agreement

The term 'Multilateral agreement ' as it applies to the area of agriculture can be defined as ' A trade agreement involving three or more countries (as with the World Trade Organization) in contrast to a bilateral agreement (as with the US-Canada Free Trade agreement) involving only two countries'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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