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bilateral trade |
Also found in: Wikipedia, Hutchinson | 0.04 sec. |
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bilateral trade n (Economics) a system of trading between two countries in which each country attempts to balance its trade with that of the other How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Bilateral trade between China and Saudi Arabia, the region's biggest economy, increased 30 percent between 2005 and 2006 alone. The current US sanctions programme is not immediately impacting the Syrian economy since even before the 2003 legislation, the volume of bilateral trade between the two countries was low, reaching only $300m in 2002. Once the agreement comes into force, he added, 100% of bilateral trade in consumer and industrial products would become duty free, with a phase-out of the remaining tariff in a 10-year period. |
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