Trade Reciprocity
/ˈtreɪd rɪˌsɪˈprɒsɪti/
Definitions
- (n.) Mutual exchange of trade privileges or concessions between countries to facilitate commerce.
The treaty formalized trade reciprocity to reduce tariffs on both sides.
- (n.) Legal principle or policy encouraging reciprocal commercial arrangements among nations.
Trade reciprocity promotes balanced economic relations through mutual benefits.
Forms
- trade reciprocity
Related terms
See also
Commentary
Often used in international trade law to describe agreements that ensure mutual concessions, facilitating balanced and fair market access.
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.