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English definition of “bilateral”

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 from the Cambridge Business English Dictionary © Cambridge University Press)
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