What are "multilateral trade agreements"?

Multilateral trade agreements are agreements that involve three or more countries, aiming to facilitate trade among those nations. These agreements typically address issues such as tariffs, quotas, and trade barriers, promoting a more streamlined process for trade by maintaining uniform regulations that apply to all member countries.

The choice highlighting trade agreements involving more than two countries correctly captures the essence of multilateral agreements, as they aim to create a broader zone of trade cooperation beyond bilateral arrangements, which involve only two nations. This structure allows countries to negotiate terms that can benefit multiple parties at once, thus enhancing international trade relations.

The alternatives refer to different concepts; for instance, agreements between two countries pertain to bilateral trade agreements, while contracts for exclusive trade and policies governing domestic markets are not primarily focused on international trade relations. Therefore, the selected answer accurately describes the nature and scope of multilateral trade agreements.