Which of the following is the primary objective of bilateral trade agreements?

CA Foundation · Business Economics · MTP · April 2025
Which of the following is the primary objective of bilateral trade agreements?
(A) A. To create trade barriers between the two countries involved
(B) B. To establish free trade between two countries by eliminating tariffs and restrictions
(C) C. To focus on mutual military cooperation between the countries
(D) D. To standardize monetary policies between two countries

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. To establish free trade between two countries by eliminating tariffs and restrictions

Topics: International Trade

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