What is a foreign trade supply agreement used for?

This agreement establishes the rights and obligations of the parties, prices, terms and conditions of payment, quality requirements for goods and services, delivery procedures, responsibilities of the parties and other important provisions. A foreign trade supply agreement is the basis for foreign economic activity and the exchange of goods and services between countries.

A foreign trade supply agreement protects the interests of both parties, ensuring obligations and responsibility for fulfilling the terms of the agreement. The contract may also contain rules and conditions for resolving disputes and conflicts arising during the delivery process.

Foreign trade agreements can be concluded both between companies and between states. They are an important tool for the development of international trade and provide stability and predictability in relationships between suppliers and buyers.