plurilateral agreements

Plurilateral agreements are international trade agreements involving multiple countries that agree to common rules in specific areas, like reducing tariffs or setting standards. Unlike global treaties involving everyone, these agreements include only selected nations. They aim to facilitate smoother trade among member countries, encouraging cooperation and economic integration without requiring all countries to participate. Well-known examples include agreements within the World Trade Organization (WTO), such as the Environmental Goods Agreement. These arrangements help countries work together on specific issues, balancing broader multilateral efforts with more focused, flexible partnerships.