Multilateral trades refer to the exchange of goods and services between three or more countries. This type of trade agreement is beneficial for all involved parties as it promotes economic growth, improves market access, enhances competition, and diversifies trade. Other phrases that can be used to refer to multilateral trades include global trade, international trade, worldwide commerce, cross-border trade, and multistate trade. These synonyms are often used interchangeably, and they all highlight the importance of trade between different countries. Multilateral trade agreements are crucial in the modern global economy, and they help to establish and strengthen trade relations between countries.