trade partnership
Business exchange agreement
A trade partnership is a formal economic relationship between countries, regions, or organizations that establishes preferential terms for commerce between them.
Such arrangements typically reduce tariffs, streamline customs procedures, or eliminate trade barriers: The trade partnership between the two nations doubled exports within five years.
The term also applies to business relationships where companies collaborate on importing, exporting, or distribution.
- allianceFormal union of parties
- commerceExchange of goods, services
- open marketUnrestricted trading environment
- agreementShared position between parties
- dealAgreement or distribution
handshake · export · import · tariff · negotiation · most favored nation · bilateral · merchant · exchange · treaty · cooperation · goods · border · customs · shipping · supply chain · mutual · bloc
trade partnershiptrade embargo
Ban on commercial exchange
economic embargo · trade sanctions · economic sanctions · trade blockade · economic isolation
trade, partnership, trades, traded, trading, trader, traders, tradesman, tradesmen