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English definition of “bilateral”


adjective     /baɪˈlætərəl/
involving or affecting two different organizations , countries , etc.: Futures contracts are bilateral agreements , with both the purchaser and the seller equally obligated to complete the transaction . Mexico already has bilateral trade agreements with Colombia, Venezuela, and Costa Rica.
bilaterally /ˌbaɪˈlætərəli/ US   /-ˈlæṱɚ-/ adverb
(Definition of bilateral adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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