The two major types of international trade are Bilateral trade and?

  • A Internal trade
  • B Multilateral trade
  • C Dilateral trade
  • D Trilateral trade
jamb 2018english-language

The correct answer is B. Multilateral trade

The two major types of international trade are Bilateral trade and Multilateral trade.

Bilateral trade is the exchange of goods between two nations promoting trade and investment.

Multilateral trade, on the other hand, is conducted with many trading countries. The same set of rules applies to all countries

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