Bi-lateral - Hutchinson encyclopedia article about Bi-lateral Printer Friendly
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bilateralism
(redirected from Bi-lateral)

   Also found in: Wikipedia 0.01 sec.

bilateralism

In economics, a trade agreement between two countries or groups of countries in which they give each other preferential treatment. Usually the terms agreed result in balanced trade and are favoured by countries with limited foreign exchange reserves. Bilateralism is incompatible with free trade.



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? Mentioned in ? References in periodicals archive
 
3rd) in Tokyo to discuss bi-lateral relations and the upcoming Japan-Arab economic forum.
Congressman Richard E Neal, leading a delegation of US representatives to Dublin, said a bi-lateral agreement was unlikely.
He stated that Pakistani business community in general & Karachi Business Community in particular is very keen in development of bi-lateral trade being Muslim friendly country Tunisia having same religious and cultural values.
 
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