Unilateral Trade Agreements, Their Pros and Cons, with Examples
A unilateral trade agreement is a commerce treaty that a nation imposes without regard to others. It benefits that one country only. It is unilateral because other nations have no choice in the matter. It is not open to negotiation.
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: KIMBERLY AMADEO
Original Article Posted on: February 25, 2021
Link to Original Article: https://www.thebalance.com/unilateral-trade-agreements-definition-examples-3305904