Unilateral Trade Agreements

Posted on 13 April 2023 Category : Import

The information provided here is part of Import Export Training online

Unilateral trade agreements

Here, about unilateral trade agreement is explained. How does unilateral trade agreement work? Who are involved in a unilateral trade agreement? Who benefits in unilateral trade agreements?

In a unilateral trade agreement, the agreement is imposed on one country, organization or groups by another. So the action or decision is taken by one of the countries, groups or organizations. Here, the unilateral agreement is benefited to one country, organization or group. Trade restriction, minimizing of imports, imposing of higher import duty and taxes etc. are imposed to such group, country or organization. So least developed countries (LDCs) are more alert on such unilateral trade agreement against the imbalance of power by developed countries.

A basic idea about unilateral trade agreement is explained above.

You may also read: What is Bilateral Trade Agreement? Meaning of Multilateral Trade Agreement Difference between Bilateral Trade Agreement and Multilateral Trade Agreement Difference between Bilateral Trade Agreement and Unilateral Trade Agreement Difference between Unilateral Trade Agreement and Multilateral Trade Agreement

The above information is a part of Export Import Training online

If you would like to add more information and thoughts about unilateral trade agreements, meaning and scope of unilateral trade agreements, you may share below.

Also read;

GST rate payable for goods or service, click here

Click here to know GST exemption list of goods and service

How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Dispute settlement in international business

Related posts about import export trade tutorial:

Airline code starting prefix with
Difference between standard dry container and Open Top Container
How to import Prepared vegetables, Prepared fruits, Prepared nuts
Guidelines to importers of Prepared Cereals, Prepared Flour, Prepared starch and Prepared Milk
Import processes of Cocoa and Cocoa products
Trade Facilitation Agreement ( TFA) and India
Period of post shipment credit to exporters
How does a Running bond work?
How does CENVAT Credit work?
Import General Manifest (IGM)
Importance of Bill of Lading
Procedure to Import Ships and Floating Structures
How to Import Musical Instruments, Parts and Accessories
Procedures to Import Clocks, Watches
How to import Optical, Photographic, Medical Instruments and Accessories
Types of Export Containers
Dimension of Cargo Containers