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What is a multilateralism?

What is a multilateralism? Here are some definitions.

Noun
  1. Unbiased trade between nations, in contrast to bilateralism.
  2. A system by which nations consult others in matters of foreign policy, by way of organisations such as the United Nations.
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Examples
He said the discussions will focus on strengthening multilateralism and enhancing the role of the United Nations.
These data confirm the unstinting and largely unreported dedication of the American public to multilateralism in foreign policy.
Part of the problem is that multilateralism and international collaboration are necessarily unheroic and inherently full of compromises.
A spokesperson for Oxfam said that the EU, US and others are carving up the world into a series of agreements that undermine multilateralism.
The scale of this gross error should compel a return to genuine multilateralism.
So like preemption, in today's supercharged political climate, unilateralism and multilateralism no longer convey any meaning.

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