One of the mysteries of the English language finally explained.
1A multilateral system of trading in which a country pays for its imports from one country by its exports to another.
- ‘This kind of triangular trade relationship has turned China into a magnet for international capital and technology.’
- ‘By the mid-1580s, if not earlier, a triangular trade linked the West Country, the Newfoundland fishery, and the markets in Iberia and the Mediterranean.’
- ‘This developed into a triangular trade, the fish being taken from Newfoundland and sold in Spanish and Portuguese ports.’
- ‘He also pointed out that the triangular trade relations between Taiwan, Japan and China have brought about rapid trade growth between Japan and China.’
- 1.1 Used to refer to the trade in the 18th and 19th centuries that involved shipping goods from Britain to West Africa to be exchanged for slaves, these slaves being shipped to the West Indies and exchanged for sugar, rum, and other commodities which were in turn shipped back to Britain.
- ‘And so you ended up with what's sometimes called the triangular trade.’
- ‘Because of its strategic location, it became active in coastal shipping and the triangular trade across the Atlantic.’
- ‘The triangular trade between America, England, and Africa is going very well.’
- ‘The movement of slaves on the scale of the triangular trade had not happened before, and has not happened since.’
- ‘From this triangular trade, of which slaves provided one leg, ports such as Nantes and Bordeaux, Bristol and Liverpool, became great and prosperous towns.’
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