Plurilateral agreements are trade agreements between more than two countries but not involving all members of a larger organization like the World Trade Organization (WTO). They are designed to facilitate specific trade liberalization or regulatory measures among the participating countries.
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Multilateral Agreements : These are agreements negotiated among more than two countries at a global level, aiming for broad applicability and universal benefits.
Bilateral Agreements : Trade or political agreements made between two sovereign states.
Bretton Woods Institutions : Refers to the World Bank and the International Monetary Fund (IMF), established at a meeting of 44 countries in Bretton Woods, New Hampshire, in 1944 to help rebuild after World War II and promote international economic cooperation