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Bilateral trade

Index Bilateral trade

Bilateral trade or clearing trade is trade exclusively between two states, particularly, barter trade based on bilateral deals between governments, and without using hard currency for payment. [1]

18 relations: Barter, Bilateralism, Clearing account, Credit, Final good, Finland, Hard currency, Icebreaker, India, Loviisa Nuclear Power Plant, Multilateral exchange, Nuclear power plant, Nuclear technology, Passenger car (rail), Petroleum, Soviet Union, Trade agreement, Value added.

Barter

In trade, barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.

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Bilateralism

Bilateralism is the conduct of political, economic, or cultural relations between two sovereign states.

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Clearing account

A clearing account is usually a temporary account containing costs or amounts that are to be transferred to another account.

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Credit

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead promises either to repay or return those resources (or other materials of equal value) at a later date.

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Final good

In economics, any commodity which is produced and subsequently consumed by the consumer, to satisfy his current wants or needs, is a consumer good or final good.

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Finland

Finland (Suomi; Finland), officially the Republic of Finland is a country in Northern Europe bordering the Baltic Sea, Gulf of Bothnia, and Gulf of Finland, between Norway to the north, Sweden to the northwest, and Russia to the east.

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Hard currency

Hard currency, safe-haven currency or strong currency is any globally traded currency that serves as a reliable and stable store of value.

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Icebreaker

An icebreaker is a special-purpose ship or boat designed to move and navigate through ice-covered waters, and provide safe waterways for other boats and ships.

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India

India (IAST), also called the Republic of India (IAST), is a country in South Asia.

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Loviisa Nuclear Power Plant

The Loviisa Nuclear Power Plant (NPP) (Loviisan ydinvoimalaitos, Lovisa kärnkraftverk) is located close to the Finnish town of Loviisa.

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Multilateral exchange

A multilateral exchange is a transaction, or forum for transactions, which involve more than two parties.

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Nuclear power plant

A nuclear power plant or nuclear power station is a thermal power station in which the heat source is a nuclear reactor.

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Nuclear technology

Nuclear technology is technology that involves the nuclear reactions of atomic nuclei.

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Passenger car (rail)

A passenger car (known as a coach or carriage in the UK, and also known as a bogie in India) is a piece of railway rolling stock that is designed to carry passengers.

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Petroleum

Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth's surface.

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Soviet Union

The Soviet Union, officially the Union of Soviet Socialist Republics (USSR) was a socialist state in Eurasia that existed from 1922 to 1991.

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Trade agreement

A trade agreement (also known as trade pact) is a wide ranging taxes, tariff and trade treaty that often includes investment guarantees.

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Value added

In business, the difference between the sale price and the production cost of a product is the unit profit.

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Multilateral trade.

References

[1] https://en.wikipedia.org/wiki/Bilateral_trade

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