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Bilateral trade agreement

A formal agreement involving commerce between two countries. Such agreements sometimes list the quantities of specific goods that may be exchanged between participating countries within a given period.

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Blockade

The act of preventing commercial exchange with a country port, usually for political reason or during wartime, by physically preventing carriers from entering a specific port or nation. See also embargo.

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Boycott

A refusal to deal commercially or otherwise with a person, firm, or country.

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Bribery

Giving or promising money or other valuable consideration toward the end of corrupting a person´s behaviour. While the term implies illegality, each society has its own rules about what constitutes the acceptability of such payments. Moral consideration aside, bribery is…

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Buffer stocks

Commodity stockpiles managed in such a way as to moderate price fluctuations. Goods may be sold from a stockpile when prices reach or approach predetermined ceiling prices, and they may be purchased for the stockpile when prices reach or approach…

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