Bilateral agreements are agreements made between two countries or parties to cooperate on specific issues. These agreements can cover a wide range of topics, such as trade, defense, or environmental protection. For example, a trade agreement might allow both countries to exchange goods without tariffs, making it easier and cheaper for businesses to operate. These agreements are important because they help strengthen relationships and promote mutual benefits. By working together, countries can address common challenges and enhance their economic ties. A successful bilateral agreement can lead to increased investment, job creation, and improved diplomatic relations between the two nations.