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A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area.Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below.
Chile is negotiating or is planning bilateral agreements with the following countries and blocs: Guatemala; India [112] Nicaragua; People's Republic of China is negotiating or is planning bilateral agreements with the following countries and blocs: Gulf Cooperation Council (GCC) – China–GCC Free Trade Agreement
Established official trade agreements between the United States and Ottoman Empire. [76] Convention of Scutari: Montenegro acknowledges Ottoman suzerainty. Anglo-Belgian Treaty of Commerce and Navigation: Free trade agreement between the United Kingdom and Belgium. First commercial treaty to contain a modern stipulation for withdrawal.
These two parties can be two nations, or two international organizations, or one nation and one international organization. It is possible for a bilateral treaty to involve more than two parties; for example, each of the bilateral treaties between Switzerland and the European Union (EU) has seventeen parties. The parties are divided into two ...
A European Union Association Agreement or simply Association Agreement (AA) is a treaty between the European Union (EU, or its predecessors), its Member States and a non-EU country or bloc of countries that governs bilateral relations. Areas frequently covered by such agreements include the development of political, trade, social, cultural and ...
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination ...
In bilateral integration, only two countries economically cooperate with one another, whereas in regional integration, several countries within the same geographic distance become joint to form organizations such as the European Union (EU) and the North American Free Trade Agreement (NAFTA). Indeed, factors of mobility like capital, technology ...
For example, the agreement by the United States, Iran, and other countries is not a treaty under U.S. law, [45] but rather a "political commitment" that does not bind the parties by law. [ 46 ] The nuances and ambiguity of how international agreements are effectuated or implemented in U.S. law has been subject to multiple legal cases.