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I'm looking for a word or paraphrase which fits the meaning of two people striking an agreement that is suitable to both.

For example, I could say that two countries have struck an agreement with respect to their own interests.

What are your suggestions?

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up vote 1 down vote accepted

Reached an accord might work.

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I don't particularly like it, but you could say such an agreement created a win-win situation.

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Yes, I see what you mean. It does fit though :) – James Poulson Mar 4 '12 at 15:20

Or you can say:

The two countries have struck an agreement that benefits both.

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That has some potential. One could use mutual benefit but I'm not sure how I'd rephrase that. – James Poulson Mar 4 '12 at 15:18

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