The phrase "bilateral deals" refers to agreements or contracts made between two parties or countries. It means that both parties involved in the deal are directly involved in negotiating and making decisions. Full definition
In policy terms, that probably means seeking a deal with the EU as close as possible to what went before — maybe even staying within part of the single market — and with new bilateral deals with as many friendly countries as possible, beginning with the most obvious ones like Canada and Australia. (totalpolitics.com)
For Canada, it would mark the biggest bilateral deal in decades, while China would score its first trade pact with a G7 country. (canadianbusiness.com)
Australia and China have penned a series of bilateral deals aimed at driving trade and tourism. (traveldailymedia.com)