What type of agreement allows for the sharing of air traffic rights between nations?

The Bilateral Air Transport Agreement is designed specifically for the sharing of air traffic rights between two nations. These agreements establish the framework for scheduled air services between the countries, detailing essential components such as the number of flights allowed, routes, and the conditions under which airlines can operate. They are crucial for regulating international air transport and ensuring that both nations can manage their airspace and the associated rights on a reciprocal basis.

In contrast, other types of agreements have different functions. Multilateral Agreements involve multiple nations and may cover broader issues, but they do not focus solely on air traffic rights between two countries. Open Skies Agreements can facilitate liberalized air transport, allowing airlines from participating countries to operate with fewer restrictions; however, they typically go beyond a mere exchange of rights between two nations and aim for a more extensive framework. Charter Agreements are distinct in that they pertain to specific flights arranged for charter services, and they do not deal with ongoing air traffic rights on a global or bilateral scale. Hence, the Bilateral Air Transport Agreement is the most accurate choice for the sharing of air traffic rights between nations.