Trade Agreement
/ˈtreɪd əˌgriːmənt/
Definitions
- (n.) A legally binding contract between two or more parties establishing terms governing trade and commerce.
The countries signed a trade agreement to reduce tariffs and promote exports.
Forms
- trade agreement
- trade agreements
Related terms
See also
Commentary
Trade agreements often require precise language to ensure enforceability and clarity on tariffs, quotas, and dispute resolution mechanisms.
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.