This article examines international legal regulation phenomena regarding bilateral economic cooperation that is just a bit strategic partnerships per se. Because, it goes without saying that the effective establishment of law institutions for regulation of what would be called intergovernmental trade is important in a world economy that is becoming increasingly connected. The study researches on the existing legal mechanisms and identifies the underlying problem spheres along with opportunities that are present in the current systems of international economic law. A thorough analysis on theoretical fundamentals and practical realizations regarding the scope of this research study is going to give insight into the degree to which traditional legal instruments adapt to changing economic realities such as digital transformation, sustainable development imperatives, and the new trade patterns. The article then posits the need for flexible, yet strong, legal mechanisms that would accommodate scope for both traditional types of economic cooperation, as well as newer areas of cooperation. Issues with strategic partnerships are particularly being fronted in determining the legal architecture of bilateral economic relations, the partnerships being defined as much about how they shape international economic law development and implementation. Contributes to knowledge because it proposes novel ways of legal regulation balancing between stability and adaptability according to the multiple interests of states in participation. It concludes this study with the recommendations to improve on the effect of the legal framework governing bilateral economic cooperation in strategic partnerships.

Bilateral economic cooperation, international law, strategic partnership

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