bilateral trade

British  

noun

1. a system of trading between two countries in which each country attempts to balance its trade with that of the other

---

Example Sentences

Aston Martin would be exempt from this escalation, as the U.K. and U.S. have a separate bilateral trade deal.

From The Wall Street Journal • May 5, 2026

Among the expected requests: large quantities of purchases by China, specifically for orders of soybeans, Boeing aircraft and American energy exports to slash the persistent bilateral trade deficit, The Wall Street Journal has reported.

From The Wall Street Journal • Apr. 10, 2026

"Brazil is India's largest trade partner in Latin America. We are committed to taking our bilateral trade beyond $20 billion in the coming five years," Modi said.

From Barron's • Feb. 21, 2026

The commission, which championed and negotiated the pact that eliminates tariffs on more than 90 percent of bilateral trade, said it "regrets" the lawmakers' decision.

From Barron's • Jan. 21, 2026

Bilateral clearing units arise from bilateral trade and payments agreements with about thirty noncommunist trading partners.

From Area Handbook for Bulgaria by Baluyut, Violeta D.