bilateralism

[ (beye-lat-uhr-uh-liz-uhm) ]

Trade or diplomatic relations between two countries. (See diplomacy and recognition; compare multilateralism and unilateralism.)

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Cultural definitions for bilateralism (2 of 2)

bilateralism
[ (beye-lat-uhr-uh-liz-uhm) ]

Trade dealings between two countries.

notes for bilateralism

Bilateral agreements often create special terms for specific goods traded between two countries.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.