Regional Trade Agreement
/ˌriːdʒəˈnæl treɪd əˈɡriːmənt/
Definitions
- (n.) A treaty between two or more countries within a region to facilitate trade by reducing tariffs and trade barriers.
The countries signed a regional trade agreement to promote economic integration.
Forms
- regional trade agreement
- regional trade agreements
Related terms
See also
Commentary
Often used to enhance economic cooperation among neighboring states; drafters should clearly define the scope and obligations to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.