commercialtreaty
nounUK /kəˈmɜːʃl ˈtriːti/
US /kəˈmɜːrʃl ˈtriːti/
A commercial treaty is a written deal between countries about buying and selling things.
The two nations signed a commercial treaty to make trading goods easier.
RELATED WORDS
OTHER MEANINGS
2. A formal agreement between countries that sets rules for business and trade.
The commercial treaty lowered taxes on goods crossing the border.
3. A written promise between governments to help each other's businesses.
Under the commercial treaty, ships from both countries could use the ports.
4. An official deal that makes it easier for companies to sell products abroad.
The new commercial treaty opened markets for local farmers.