Bilateral Trade

Why it matters

• Facilitates deeper economic integration and market access between two specific partners.
• Allows for the customization of trade rules to address unique sectoral strengths or strategic dependencies.
• Serves as a mechanism to balance trade deficits and secure supply chains for critical commodities.

How it is asked

Focus on the shift from multilateralism to bilateralism in global trade, the impact of Bilateral Investment Treaties (BITs) on sovereign policy space, and the role of Rules of Origin in preventing trade deflection.