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bilateralism
(redirected from Bilateral trade agreement)

   Also found in: Acronyms, Wikipedia 0.02 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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Vietnam Bilateral Trade Agreement (BTA) in December of 2001 has propelled Vietnam as a U.
He negotiated several major agreements on behalf of the United States in Asia, including the Bilateral Trade Agreement with Vietnam signed by President Bush, the U.
The concern that has prevailed throughout Peru's business sector over the past year has quickly transformed into a state of reserved optimism as a bilateral trade agreement with the United States becomes plausible," says Juan Mulder, president of Peru's Foreign Commerce Society (Comex), which represents the country's largest exporters.
 
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