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

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Example Sentences

The FTA, signed in July after years of negotiations, is forecast to boost the UK's GDP by £4.8bn annually and expand bilateral trade between the two countries by £25.5bn.

From BBC

Combined with lower freight charges, this pricing power should enable the company to withstand any potential competition from Goya, Harmless Harvest, Ocean Spray, and other brands, the potential failure of bilateral trade negotiations with Brazil and other countries, and the possible rejection of U.S. tariff waivers for coconut water under a natural-resources exemption.

From Barron's

In invoking IEEPA, the president argued that “a lack of reciprocity in our bilateral trade relationships, . . . as indicated by large and persistent annual U.S. goods trade deficits, constitute an unusual and extraordinary threat to the national security and economy of the United States.”

From The Wall Street Journal

But after the Smoot-Hawley tariff disaster of 1930, Congress delegated authority to the President to negotiate bilateral trade deals.

From The Wall Street Journal

He also declared the bilateral trade talks over.

From Salon