1. Formal contracts or arrangements between countries or trading entities that establish terms for the exchange of goods and services, often including tariff reductions and market access provisions
The two nations signed a bilateral trade agreement to reduce tariffs on agricultural products.
Os dois países assinaram um acordo comercial bilateral para reduzir as tarifas sobre produtos agrícolas.
2. Legal documents that regulate commercial relations and facilitate business transactions between trading partners
Trade agreements help eliminate barriers to international commerce.
Os acordos comerciais ajudam a eliminar barreiras ao comércio internacional.