Which of the following statements is true of bilateral trade agreements?
A) They have been declared illegal by the World Trade Organization.
B) They aim at restricting trade between nations.
C) They are included in the most favored nation clause agreed to by the World Trade Organization.
D) They refer to agreements regarding trade between just two countries.

Question

Quizplus · Accepted Answer

Bilateral trade agreements are specifically between two countries, aiming to expand access between their markets and increase their trade.

Which of the Following Statements Is True of Bilateral Trade