Definition
A multilateral trade agreement is a pact or treaty negotiated and ratified by multiple countries to govern and regulate international trade and commerce among signatory nations. Multilateral trade agreements establish rules, principles, and obligations regarding tariffs, customs procedures, market access, intellectual property rights, and other trade-related issues to promote free trade, economic cooperation, and mutual benefit among participating countries. Multilateral trade agreements are often negotiated under the auspices of international organizations such as the World Trade Organization (WTO) or regional trade blocs to facilitate negotiations, enhance transparency, and enforce compliance with agreed-upon trade rules and disciplines.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.