multilateral trade is carried out
COMMERCE
WAEC 2018
multilateral trade is carried out
- A. between two countries only
- B. within many countries
- C. among many countries
- D. between neighbouring countries only
Correct Answer: C. among many countries
Explanation
Multilateral trade agreements are commerce treaties between three or more nations. The agreements reduce tariffs and make it easier for businesses to import and export. Since they are among many countries, they are difficult to negotiate. That same broad scope makes them more robust than other types of trade agreements once all parties sign.
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