Distinguish between the following:
Bilateral and Multi-lateral trade
Bilateral and Multi-lateral trade
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| Bilateral trade | Multi-lateral trade | |
| (i) | It is a trade agreement between two countries. | It is a trade agreement among more than two countries. |
| (ii) | This is an agreement that provides equal opportunities to both the countries. | This is an agreement that provides equal opprtunities to all the member countries in the international market. |
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