The word "bilateralism" is correct and usable in written English.
You can use the word "bilateralism" to describe a situation, agreement, or policy of cooperation between two nations or groups. Example Sentence: The new trade agreement marked a milestone in bilateralism between the two countries.
It is with some irony, then, that if Livni (or Barak) triumphs in February, Israel might shift away from a bilateral approach at the very time when the most vocal critic of bilateralism, Syria, is seemingly changing its tune.
Moreover, the fear of losing favourable treatment in a bilateral agreement can deter governments from talking tough in multilateral negotiations.Some defenders of bilateralism admit all this, but cling to one argument they regard as clinching that bilateral agreements are at least possible, whereas the chances of concluding Doha seem ever more remote.
In economic terms, the focus on bilateralism was always dubious.
Beyond the standard quick trips to summits, the inevitable ties with the United States and a military commitment in Afghanistan he inherited from his Liberal predecessor, the only hints he has given suggest a move away from Africa and towards Latin America, and a preference for bilateralism over multilateralism.
This path, which was very difficult, has in practice been abandoned for a bilateralism that led to a cloud of free trade agreements there are 350 active and maybe 200 more requested which demonstrates that this is not free trade.
Bilateralism may be a route to freer global trade, but it is, at best, a risky one.
Mr Fogh Rasmussen says that "in the future we will see stronger regional co-ordination," though he sees this as taking the form of "active bilateralism"—choosing partners for particular issues.
In the end, he will probably have to back down and sign the treaty.The use of bilateralism as a political and economic tool is also much in evidence.
Under German bilateralism, third parties were excluded from interstate arrangements, whereas in the GATT, third parties were treated in a more-inclusive manner and were granted equal treatment by virtue of the MFN clause.
To better understand the nature of multilateralism, it is useful to contrast it with bilateralism, a good example of which is the commercial policies of Nazi Germany, in which the German government negotiated bilateral agreements with other countries specifying which goods and services were to be traded, their prices, and the quantities to be exchanged.
By contrast, bilateralism is more associated with specific reciprocity and an explicit balancing of obligations between each pair of actors, as with the commercial relations of Nazi Germany.
