as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
define the term bilateral agreement.
user
a bilateral agreement is an official treaty or contract between two independent states, in which each state agrees to carry out the terms and conditions that are specified. it usually involves two nations exchanging goods and services, or making a joint commitment to cooperate in a specific area.
assistant