bilateral trade

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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 ?
FTAs are strong building (stumbling) blocs when global free trade is only attained in the bilateralism (multilateralism) game.
It enriches studies on different institutional forms of regionalism by refining the conventional view that bilateralism is an alternative and hence a stumbling block to multilateralism.
Of course, a first step here must involve India moving away from its utopian notion of bilateralism with reference to Kashmir.
0000 Age Rx (chronological age), LK (Logan and Kronfeld), SM (Schour and Massler), MFH (Moorrees, Fanning and Hunt), DGT (Demirjian, Goldstein and Tanner), U (Ubelaker) and S (Smith) Table 2 Correlation of age estimation methods with radiographic chronological age with respect to bilateralism Age Rx LKr LKl SMr SMl Age Rx 1.
At a minimum, the structure of US bilateralism meant that Asian countries have not had the same opportunities (as, say, France and Germany did in Europe) to work with one another directly and to overcome historical issues.
Those readying for bilateralism in jubilation must diagnose Indian Intentions as they have the past experience of New Delhi's insincerity which they have admitted in the political sermons and media briefings.
to create and act out long-term plans'' instead of extreme bilateralism or a simple stance prioritizing U.
We can hide behind the bravado of bilateralism but the truth is that Washington holds the key to the locked doors of dialogue this time as well.
But world trade would soon turn disastrously to bilateralism and attendant preferences in trade.
RIYADH: Saudi Arabia and the Netherlands have set out a new vision of bilateralism with two agreements to be signed today.
The reason is obvious: bilateralism allows Russia to play European states against one another, weakening the EU.
Presenters from the private sectors of Mauritius, Sri Lanka, India and the WTO Secretariat discussed the WTO's role in dealing with emerging issues, in particular the many private standards and non-tariff measures, facilitating trade in services, as well as growing regionalism and bilateralism.

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