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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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These issues include removing barriers which have made Pak-Iran PTA (signed in 2006) ineffective and working out barter trade mechanism in order to increase bilateral trade in agricultural/food products and pharmaceutical.

Iran ready to work on removal of potential bottlenecks to increase trade with Pakistan

The adviser apprised the delegation that bilateral trade was not up to the true potential and urged Iran to take necessary measures to remove non-trade barriers so that the real potential could be tapped.

Iran keen to import 0.5m tons of rice from Pakistan

Irrespective of the fact that Iran had been facing sanctions and Pakistan was also going through difficult period, the two countries should start developing bilateral trade, he added.

Pakistan, Iran should find ways to step up bilateral trade: PM Imran

Imran Khan expressed the wish that Pakistan and Iran should start developing their bilateral trade on immediate basis.

PM emphasizes to increase Pak-Iran bilateral trade

He said given the prevailing situation, both the countries should start mulling to work out ways and means to enhance the bilateral trade.

Pakistan to promote bilateral ties, trade with Iran: PM

'Bilateral trade grew by 11 percent to exceed US$76 billion last year," said Tsai.

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The Chinese Commerce Ministry said in May that bilateral trade with Russia might surpass $100 billion in 2018 and reach $200 billion in 2020.

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Though we are generally satisfied with the overall positive trajectory in our bilateral relations, we feel there is a great potential to further enhance our bilateral trade and investment.

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An Iranian envoy has voiced his country's interest in booming bilateral trade with Pakistan by 70 percent.