Triangular Trade

Triangular Trade in International Trade

Meaning of Triangular Trade, according to the Dictionary of International Trade (Global Negotiator): Trade between three countries, in which an attempt is made to create a favorable balance for each. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. Triangular trade thus provides a method for rectifying trade imbalances between countries.