Meaning of “trade agreement” in the English Dictionary

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"trade agreement" in Business English

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trade agreementnoun [ C ]

uk us ECONOMICS, COMMERCE

a formal agreement between two or more countries about improving trade with each other, for example by removing import taxes:

They signed a trade agreement that scraps most of the tariffs on trade in manufactured goods between the two countries.

(Definition of “trade agreement” from the Cambridge Business English Dictionary © Cambridge University Press)