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 ?
Zarif pointed to the notable increase over the recent years in the volume of bilateral trade, adding, however, that "the area still contains more capacities.
He said that the trade and economic ties have been badly impacted due to the prevailing tension between Pakistan and Afghanistan; hence he suggested that the governments should formulate policies that would not negatively affect bilateral trade.
Shinwari also said that there was great potential for bilateral trade in automobiles, construction, agriculture, energy, IT, steel, furniture, household equipment, textiles, meant and dairy sectors in Khyber Pakhtunkhwa.
He said bilateral trade could be improved significantly by encouraging frequent exchange visits of business delegations.
Mohammad Naveed, Senior Vice President ICCI said that Pakistan and Iran should establish border markets that would greatly help in improving bilateral trade and curb illegal trade as well.
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.
The bilateral trade between Kyrgyzstan and Azerbaijan grew by 95% in 2013 compared to 2012.
He also highlighted the investment potential and incentives in Pakistan for foreign companies and emphasised people-to-people contacts in order to boost bilateral trade.
The delegation led by President of PAJCCI Pakistan Chapter Zubair Motiwala will participate in the second annual conference at Kabul to promote bilateral trade between Pakistan and Afghanistan.
Bilateral trade between the UAE and China has surged nearly 14 per cent in the first half of this year, with GCC countries accounting for up to 70 per cent of China's trade with Arab countries.
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.

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