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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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Examples from the Web for bilateral trade
Historical Examples
  • Socialist bilateral units arise from bilateral trade agreements with other communist countries.

    Area Handbook for Bulgaria Eugene K. Keefe, Violeta D. Baluyut, William Giloane, Anne K. Long, James M. Moore, and Neda A. Walpole
  • Bilateral clearing units arise from bilateral trade and payments agreements with about thirty noncommunist trading partners.

    Area Handbook for Bulgaria Eugene K. Keefe, Violeta D. Baluyut, William Giloane, Anne K. Long, James M. Moore, and Neda A. Walpole

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