trade agreement
nounUK /ˈtreɪd əˌɡriːmənt/
US /ˈtreɪd əˌɡriːmənt/
A trade agreement is a deal between countries about buying and selling things.
The two countries signed a trade agreement to sell each other more food.
RELATED WORDS
OTHER MEANINGS
2. A formal arrangement between businesses about how they will work together.
The two companies made a trade agreement to share their delivery trucks.
3. An official set of rules that countries follow when trading goods.
Under the trade agreement, toys can cross the border without extra fees.
4. A promise between groups to exchange goods or services fairly.
The farmers' trade agreement lets them swap seeds at the market.