Event 14 Oct. 2022
Curtis Provides Capacity Training to the Government of Uganda
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Event 21 Sep. 2022
Kalidou Gadio Speaks at AIEN 2022 International Energy Summit
News 15 May. 2023
Curtis represents e-commerce retailer in its fight to recover monies withheld by PayPal, the global payment giant
News 16 Dec. 2022
Curtis Trade Team is top ranked in Chambers Asia-Pacific 2023
Event 08 May. 2023
Partner Irene Petrelli to Participate in ICC YAAF Event
News 02 May. 2023
Curtis Italy with DeA Capital in the Acquisition of Magic S.r.l
Event 23 May. 2023
Partners Luciana Ricart and Fernando Tupa Will Teach a Workshop on Hearings in Investment Arbitration for Arbanza School of Arbitration’s Online Program
Publications 23 Feb. 2023
Fernando Tupa Publishes Book on Forum-Specific Consent to International Arbitration in Investment Agreements
Event 03 May. 2023
Dr. Borzu Sabahi to Speak at ICSID-ADGM Joint Conference: Investment Protection and Armed Conflict
Event 19 Mar. 2023
Sebastiano Nessi speaks at Bahrain Business and Legal Landscape Conference
Event 01 Jun. 2023
Curtis Environmental Chair Charles Howland to Moderate Panel Discussion on Latest Developments in Environmental Due Diligence at ABA Masterclass on Environmental Transactions
News 25 May. 2023
Curtis Files SCOTUS Amicus Brief for Distinguished Law Professors in First Amendment Retaliatory Arrest Case
News 06 Mar. 2023
Russia Sanctions at the First Anniversary: An Overview of Current Sanctions in the US, UK, and EU and How Global Companies Can Navigate Evolving and Conflicting Sanctions Regimes
Client Alert 30 Aug. 2022
The EU Adopts the “Maintenance and Alignment” Sanctions Package
Client Alert 24 Jun. 2021
Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
International Trade
Bilateral negotiations are negotiations which involve only two parties. Bilateral negotiations are frequently utilized in trade agreements between two countries. Because they involve fewer interested parties than multilateral trade negotiations, bilateral trade negotiations can sometimes be completed more easily and quickly. Bilateral trade negotiations will sometimes be superseded by, or exist alongside, agreements created in multilateral negotiations.
Neither bilateral trade negotiations nor multilateral negotiations are generally superior. The choice of negotiation structure will depend on a country’s needs and circumstances, as well as geopolitical and economic realities. Often, bilateral trade negotiations serve as a useful contingency plan if multilateral negotiations are unsuccessful because of one of the participants.
Bilateral trade balances are calculated by adding up all of Country A’s exports to Country B, then subtracting all of Country A’s imports from Country B. If the resulting number is positive, Country A is said to have a “trade surplus” with Country B. In other words, the value of its exports is larger than the value of its imports. On the other hand, if imports outweigh exports, Country A would be said to have a “trade deficit” with Country B.
Bilateral trade is trade conducted between two nations without the direct involvement of any other countries. It typically includes all of the exports and imports shared by two nations, even when those exports and imports pass through a third country’s borders. In other words, all goods and services that are bought and sold between two countries constitute those two countries’ bilateral trade.
Bilateral trade agreements are international agreements that govern the trade relationship between two countries. For example, before the North American Free Trade Agreement (NAFTA) was created, the United States had bilateral trade agreements with both Canada and Mexico. These agreements are usually created after successful bilateral trade negotiations result in substantial consensus on major issues of trade and commerce.
Daniel Porter
Partner
ITC Injury Proceedings
WTO and International Trade Dispute Settlement
Trade Remedy Practice
Economic Sanctions
Washington, D.C.
+1 202 452 7373
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+86 10 8564 6200
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+32 2 313 37 31
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