trade treaty
nounUK /treɪd ˈtriːti/
US /treɪd ˈtriːti/
A trade treaty is a written promise between countries about how they will buy and sell things with each other.
The two countries signed a trade treaty to make it easier to sell their goods.
OTHER MEANINGS
2. A formal agreement that lowers taxes on goods moving between nations.
The new trade treaty cut taxes on imported fruit.
3. A deal that sets rules for how businesses in different countries can work together.
Under the trade treaty, companies could open shops across the border.
4. An official document that countries sign to promise fair trading.
Leaders met to sign the trade treaty at the summit.