bilateral trust
[baɪˈlætərəl trʌst]
nounpl: bilateral trusts
confiança bilateral
1. Mutual confidence and reliance between two parties, nations, or entities based on reciprocal honesty, reliability, and good faith
The bilateral trust between the two countries strengthened after the successful trade agreement negotiations.
A confiança bilateral entre os dois países se fortaleceu após as negociações bem-sucedidas do acordo comercial.
2. In business and diplomacy, the foundational belief that both sides will honor their commitments and act in good faith
Establishing bilateral trust is essential before entering into any long-term partnership.
Estabelecer confiança bilateral é essencial antes de entrar em qualquer parceria de longo prazo.
3. A fiduciary arrangement where two parties mutually entrust assets or interests to each other
The bilateral trust was established to protect both families' interests in the joint venture.
A confiança bilateral foi estabelecida para proteger os interesses de ambas as famílias no empreendimento conjunto.
In Brazilian business culture, bilateral trust is highly valued as a foundation for negotiations and partnerships. The concept emphasizes reciprocity and long-term relationships rather than contractual obligations alone. In the USA, bilateral trust is central to diplomatic relations and international agreements, often discussed in the context of trade negotiations and military cooperation. The term is frequently used in formal settings by government officials, diplomats, and business executives.
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