trade agreements

International business deals

Trade agreements are treaties between countries that establish rules for commerce—reducing tariffs, eliminating quotas, or standardizing regulations.

They range from bilateral deals between two nations to massive multilateral pacts: NAFTA transformed North American trade.

Proponents argue they boost economic growth; critics contend they can harm workers or weaken environmental protections.

Also called trade deals.

Related
  • WTOGlobal commerce regulator
  • gatsSlang for firearms
  • treatiesFormal agreements between states
  • dutiesRequired tasks or charges
  • globalizationWorldwide economic and cultural integration

level playing field · diplomacy · bilateral agreements · common market · supply chain · dispute resolution · treaty obligations · customs · reciprocity · concessions · quotas · international law · exports · embargo · bilateral · imports · partners · GATT

Categories
Opposites
economic openness vs. restriction

trade agreementsprotectionism

Shielding local producers

trade barriers · tariffs · trade wars · economic sanctions · import quotas

international relations approach

trade agreementstrade wars

Economic conflicts via import duties

economic sanctions · embargoes · economic warfare · retaliatory tariffs · trade disputes

regulatory scope

trade agreementslocal ordinances

Laws enacted by municipalities

Family

trade, agreement, trader, trading, traded, traders, fair trade, tradable, tradeable

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Used worldwide · Timeless · Abstract · Rated G