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What is the difference between a multilateral, bilateral, and regional agreement?

April 26, 2017Agreement bilateral multilateral Regional

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What is the difference between a multilateral, bilateral, and regional agreement?

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• A multilateral agreement is negotiated between more than two countries that do not make up an entire region. One example of this is the WTO. A bilateral agreement is negotiated between two countries. An example of a bilateral agreement is the U.S.-Chile FTA. A regional agreement is negotiated between all the countries in a region. NAFTA is a regional agreement between the countries of North America -Canada, Mexico, and the United States.