Definition: is an individual or enterprise that is part of an existing business relationship. A trading partner cooperates with another entity or multiple entities for commercial purposes, and such a relationship is oftentimes supported by a legal agreement or contract. It’s common for senior executives of a corporation to act as trading partners in relation to a broad network of other executives and contractors with the purpose of sharing financial advice and conducting business operations.
In a Sentence:
Becoming a trading partner of a large corporation provides many benefits to a company. Thus, it can expect to receive solid financial advice and profitable offers during business negotiations.
We’ve recently acquired a new trading partner in Saiko Tech. Now, we have a steady supply of cheap and reliable electronic parts that will lower our production costs.
Synonyms and related words: business relationship, limiter partner, trading partner agreement, managing partner, nominal partner