What is another word for multilateral trade?
Pronunciation: [mˌʌltɪlˈatəɹə͡l tɹˈe͡ɪd] (IPA) 
Multilateral trade refers to the system where multiple countries engage in open trade practices with each other, thereby promoting fair economic growth, development, and interdependence. Some synonyms for multilateral trade include reciprocal trade, international trade, global trade, and unrestricted trade. These terms all refer to the free exchange of goods and services between nations with minimal barriers to entry such as tariffs and trade quotas. Multilateral trade is a critical component of globalization and drives the global economy. By working together, countries can increase opportunities for trade and create lasting relationships that benefit everyone involved. Ultimately, multilateral trade promotes progress and helps to build strong, stable economies around the world.
