bilateral trade

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

In theory, this will boost Chinese purchasing power and thus bilateral trade.

From The Daily Beast

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

From Project Gutenberg

Socialist bilateral units arise from bilateral trade agreements with other communist countries.

From Project Gutenberg