0 a situation in which two countries or organizations have a trade agreement or work together to achieve something: --
I think it might be truer to say that countries were driven to bilateralism and to restrictions of various kinds because of an earlier reduction in trade.
I said that bilateralism should only be resorted to if all other things failed.
Nothing would be worse than a final breakdown, with the world breaking up into bilateralism or great trading blocs, with protectionism returning.
Hopes placed in an extension of bilateral pacts with most-favoured-nation terms may be disappointed through the cramping effects of bilateralism.
Internationalism is better than unilateralism or so-called bilateralism.
Bilateralism is now on the increase and, broadly, there are two good reasons for it.
When it comes to the multilateralism or bilateralism/regionalism dilemma, we are unreservedly in favour of multilateral trade relations.
Bilateralism must be seen as the path towards a mulilateral approach.
