multilateral trade is carried out

Multilateral trade refers to the exchange of goods and services between many countries. It involves multiple countries buying and selling goods and services to each other, rather than just two countries. This type of trade is typically facilitated by international agreements and organizations, such as the World Trade Organization (WTO), which aim to promote and regulate fair trade practices among participating countries. The goal of multilateral trade is to increase global economic cooperation and create mutual benefits for all participating countries. Therefore, it is not limited to neighboring countries, but can include countries from all over the world.