bilateral trade
Two-way country exchange
Bilateral trade is commerce between two countries, as distinct from multilateral trade involving many nations.
The term usually appears in discussions of trade agreements, tariffs, and economic policy: The two countries signed a bilateral trade deal.
A bilateral trade deficit means one country imports more from the other than it exports.
- importObtain from overseas
- import dutiesTaxes on incoming goods
- commerceExchange of goods, services
- negotiationsFormal discussion seeking agreement
- economySystem of trade and production
most-favored-nation · open markets · economic integration · balance of payments · level playing field · global supply chain · deals · cross-border · cooperative · commodities · deficit · reciprocal · exchange · embargo · sanctions · surplus · services · partners
bilateral tradeunilateralism
Acting without international cooperation
multilateralism · autarky · trade bloc · collective bargaining
bilateral tradeprotectionism
Shielding local producers
isolationism · trade embargo · economic sanctions · autarky · trade barriers
trade, trader, trading, trademark, traders, bilateral, fair trade, unilateral, tradeoff