The exchange of goods between two countries. Bilateral trade agreements give preference to certain countries in commercial relationships, facilitating trade and investment between the home country and the foreign country by reducing or eliminating tariffs, import quotas, export restraints and other trade barriers. Bilateral trade agreements can also help minimize trade deficits.
In the
Investment dictionary. Academic. 2012.
Bilateral trade — or clearing trade is trade exclusively between two states, particularly, barter trade based on bilateral deals between governments, and without using hard currency for payment. Bilateral trade agreements often aim to keep trade deficits at… … Wikipedia
Bilateral trade agreement — A Bilateral trade agreement (BTA) is a trade agreement between any two countries, usually in order to reduce tariffs and quotas on items traded between themselves. A BTA may be either preferential, wherein benefits and obligations apply only to… … Wikipedia
bilateral trade agreement — An agreement on trade policy between two countries, usually concerning a reduction in tariffs or other protective barriers. Although bilateral deals tend to fragment world trade, governments are attracted by their relative simplicity. The USA, in … Big dictionary of business and management
bilateral — bi‧lat‧er‧al [baɪˈlætrəl] adjective involving two countries: • a bilateral trade agreement * * * bilateral UK US /baɪˈlætərəl/ adjective ► involving or affecting two different organizations, countries, etc.: »Futures contracts are bilateral… … Financial and business terms
trade agreement — ➔ agreement * * * trade agreement UK US noun [C] ECONOMICS, COMMERCE ► a formal agreement between two or more countries about improving trade with each other, for example by removing import taxes: »They signed a trade agreement that scraps most… … Financial and business terms
Trade policy of the United States — United States trade policy has varied widely through various American historical and industrial periods. As a major developed nation, the U.S. has relied heavily on the import of raw materials and the export of finished goods. Because of the… … Wikipedia
bilateral — /baɪ læt(ə)rəl/ adjective between two parties or countries ● The minister signed a bilateral trade agreement. ▪▪▪ ‘…trade between Japan and China will probably exceed $30 billion this year to mark a record high. Ministry of Finance trade… … Marketing dictionary in english
Trade — This article is about the economic mechanism. For other uses, see Trade (disambiguation). Purchase redirects here. For other uses, see Purchase (disambiguation) Trader in Germany, 16th century … Wikipedia
bilateral — adjective Date: 1775 1. having two sides 2. affecting reciprocally two nations or parties < a bilateral treaty > < a bilateral trade agreement > 3. a. of, relating to, or affecting the right and left sides of the body or the right and left… … New Collegiate Dictionary
trade agreement — A commercial treaty between two (bilateral trade agreement) or more (multilateral trade agreement) nations … Big dictionary of business and management
