Meaning of the word multilateralism in English

What does multilateralism mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

multilateralism

UK /ˌmʌltiˈlætərəlɪzəm/

Noun

a situation in which several different countries or organizations work together to achieve something or deal with a problem:

Example:
The report's conclusion stresses the importance of multilateralism.