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bilateralism |
Also found in: Wikipedia | 0.12 sec. |
bilateralismIn 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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foreign policy also need to be deployed to combat international crime, including bilateral diplomacy, cooperation in multilateral forums, financial sanctions, and in some cases covert operations and overt military campaigns. There is a strong prima facie case that both our multilateral diplomacy with our allies and our bilateral diplomacy with Iraq, rather than serving to develop alternatives to war, were merely arms of our military strategy. Major-General Justin Metsing Lekhanya, Head of Government of the Kingdom of Lesotho declared that the "apparent tendency to withdraw from multilateralism and resort instead to bilateral diplomacy has weakened the international consensus, with the result that many regional and global disputes no longer lend themselves to equitable solutions. |
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