trade treaty
International commerce agreement
A trade treaty is a formal agreement between countries governing commerce—setting terms for tariffs, quotas, and market access.
Such treaties aim to reduce barriers and facilitate the flow of goods and services across borders: The trade treaty eliminated tariffs on agricultural products.
Major examples include NAFTA and bilateral free trade agreements.
- tariffTax on traded goods
- ratificationFormal approval by authority
- antidumpingCountering predatory pricing imports
- diplomacyNegotiation between nations
- customsTraditional practices or import taxes
reciprocity · most favored nation · harmonization · signatory · sovereignty · quota · arbitration · tariff reduction · bilateralism · embargo · compliance · subsidy · dispute resolution · signing · concession · protocol · import · WTO
trade treatytrade embargo
Ban on commercial exchange
trade ban · trade war · economic sanctions · trade barrier · economic blockade
trade, market, treaty, trader, trading, merchandise, traded, traders, tradesman