| Webster's Online Dictionary |
| Expressions | Domain | Definition | |
| Bilateral trade agreement | Agriculture | A trade agreement between any two countries. The agreement may be either preferential (the obligations and benefits apply only to the two countries involved) or most-favored-nation (the benefits and obligations negotiated between the two countries are extended to all or most other nations). The U. S.-Israel Free Trade Agreement is one example of a preferential trade agreement. (references) | |
| Bilateral trade agreement | Energy | Commerce between two countries based on a reciprocal trade agreement which specifies the quantity of goods to be traded, the time limit of the agreement and that the balances due be remitted directly between the countries. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
