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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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On trade, Modi said: "Our target is to reach $50bn in bilateral trade. This is why we have decided to finalise a comprehensive economic partnership soon."

From BBC

"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

India, the world's most populous nation, is the 10th largest market for Brazilian exports, with bilateral trade topping $15 billion in 2025.

From Barron's

The world's most populous nation is already the 10th largest market for Brazilian exports, with bilateral trade topping $15 billion in 2025.

From Barron's

In exchange, the White House likely will demand large quantities of purchases by China, specifically targeting orders of soybeans, Boeing aircraft and American energy exports to slash the persistent bilateral trade deficit, according to industry executives who have recently spoken to administration officials.

From The Wall Street Journal