Tripartite Agreement Definition

Written by alex kocic
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Tripartite Agreement Definition
Tripartite agreements are common in international relations. (form -3 image by Rog999 from Fotolia.com)

Tripartite agreements--political, business or any other ones--include three parties. Usually, the parties have equal interests and weight, but sometimes one party acts only as mediator or guarantor of the agreement between the other two.

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1936 Agreement

To stabilise exchange rates after abandoning the gold standard, France, Great Britain and the United States signed the Tripartite Agreement in 1936 to sell each other gold for the seller's own currency at a price agreed in advance. The agreement, later joined by a few other countries, stabilised exchange rates but failed to help the recovery of world trade.

Tripartite Pact

In 1940, Germany, Italy and Japan agreed to assist one another by all means, including military, if any one of them is attacked by a country not involved in any conflict at the time. This practically meant the United States. The pact was a political rather than a military agreement, aimed at getting Japan in war against the United States, thus preventing America from intervening in Europe.

Agreement With Third Party as Mediator

To reduce tensions over Iran's nuclear program, Turkey, Brazil and Iran signed an agreement in May, 2010, under which Iran agreed to deposit some of its low-enriched uranium in Turkey for safekeeping, while receiving the equal amount of the fuel it needs for its research reactor. Although a signatory, Brazil here acted mainly as a mediator.

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