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bilateralism

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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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Though from the vantage point of Washington NATO retains a significant residual security value, bilateralism has increasingly defined U.
221), published a series of linguistic studies on rhythm and bilateralism in ancient Near Eastern cultures with special consideration of the language of Jesus (1925; 1930; 1952; 1959; 1978).
However, the French Government strongly preferred the route of bilateralism with its former dependencies to secure its objectives of creating the Franc Zone, ensuring raw material supplies and concluding defence agreements and technical cooperation accords.
 
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