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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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Beijing and Washington had already agreed to extend a bilateral trade truce until mid-January, Treasury Secretary Scott Bessent said Wednesday.

From The Wall Street Journal ● Sep. 28, 2026

China alone shares nearly $10 billion in bilateral trade with Iran, and paid roughly $31.2 billion for unreported Iranian crude oil imports in 2025, according to the U.S.-China Economic and Security Review Commission.

From Los Angeles Times ● Aug. 24, 2026

The talks in Washington came after Prime Minister Mark Carney briefed Canada's regional leaders on the outlines of a pact to stabilize bilateral trade.

From Barron's ● Aug. 20, 2026

The U.S. and Mexico have been holding talks on bilateral trade issues, but discussions with Canada have lagged.

From MarketWatch ● Jul. 20, 2026

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

From Area Handbook for Bulgaria by Violeta D. Baluyut

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