2 involving or affecting two different organizations, countries, etc.: --
Mexico already has bilateral trade agreements with Colombia, Venezuela, and Costa Rica.
Futures contracts are bilateral agreements, with both the purchaser and the seller equally obligated to complete the transaction.
None the less, it was necessary to try to establish a broad framework within which the bilaterals should be concluded.
We shall be delighted to continue the process when the bilaterals have been concluded.
There is greater scope for a change in the context of the multilaterals than in the context of the bilaterals.
What we want to do is to see all the parties to the bilaterals return to those bilaterals as speedily as possible.
First, the bilaterals cannot be regarded as a substitute for full negotiations.
I understand that the present situation means that 25 or so bilaterals have been negotiated and agreed with the main supplying low-cost countries.
The industry must know that over this next critical period, its basic protection under the bilaterals which end in 1981 will be the existing arrangement.
I have little doubt that bilaterals would be enhanced.
