bilateral trade

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Related to bilateral trade: multilateral trade

Bilateral Trade

The barter of goods between companies and/or governments in two countries, almost always without recourse to currency. Bilateral trades were more common during the Cold War; the Soviet Union conducted bilateral trades to allow for its government to serve as one party while a private company in another country served as the other. Bilateral trades have become rare since except for highly sensitive goods like nuclear material.

bilateral trade

the trade between two countries. Bilateral trade is a part of INTERNATIONAL TRADE, which is multilateral in scope. See MULTILATERAL TRADE, COUNTERTRADE.
References in periodicals archive ?
The Prime Minister will go a long way in promotion of bilateral trade and economic relations, and exploring new avenues for joint ventures.
The trade barriers pointed out by ICCI would be brought into the notice of relevant US authorities for redress with the aim to improve bilateral trade she added.
Before departure, the leader of the delegation Qaiser Baig told reporter the aim to visit Kuwait was to find out ways and means to boost bilateral trade between Abu Dhabi and Kuwait.
chambers of commerce and Federation of Pakistan Chamber of Commerce and Industry would also participate in the event to find scope for enhancing bilateral trade and investment.
China hopes Britain will play a positive role in promoting the export of European high-tech products to China, Gao said, adding that an early realization of a China-Europe investment agreement and a feasibility study on the China-Europe free trade zone will be conducive to sustainable bilateral trade and investment cooperation.
In the joint statement issued here, Prime Minister Narendra Modi and his Bhutanese counterpart Tshering Tobgay recalled the free trade arrangement between the two countries and the expanding bilateral trade between the two countries and its importance in further cementing the friendship between the two countries.
The bilateral trade between the two countries had reached $75 billion in 2012-2013.
The Adviser highlighted the priorities of the present Government for improving the economy and emphasized the need for enhancing bilateral trade between Pakistan and the UK by exchanging visits of business delegations to each other countries.
In 2012, bilateral trade between China and the UAE stood at $40.
The Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) report said Afghan-Pak bilateral trade increased from $0.
Purandeswar said the bilateral trade between India and Pakistan in 2012-2013 so far has reached USD 2351.
Dubai: Small and Medium Enterprises (SMEs) are one of the fastest growing business segments in the Gulf Cooperation Council (GCC) countries and enhanced bilateral trade between India and the region presents vital opportunities for entrepreneurs, a leading banker has said.

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