commerceagreement
nounUK /ˈkɒmɜːs əˈɡriːmənt/
US /ˈkɑːmɜːrs əˈɡriːmənt/
A deal between people or countries about buying and selling things.
The two countries signed a commerce agreement to trade more goods.
RELATED WORDS
OTHER MEANINGS
2. A formal arrangement between companies about how they will do business together.
The two firms reached a commerce agreement to share shipping costs.
3. A written plan that sets rules for buying and selling between regions.
The commerce agreement lists which products can cross the border.
4. An understanding between merchants about prices and delivery.
Local merchants made a commerce agreement to keep prices fair.