Definition: Unilateral trade agreement would be any agreement that is imposed on one national by another, and benefits one nation only. Many smaller, developing nations are afraid of trade agreements involving developed nations because the imbalance of power could result in a unilateral benefit to the developed nation.
Also Known As: Unilateral Trade Policy
Examples: No country would willingly enter a unilateral trade agreement, but fear of such an agreement has stymied many negotiations.
