trade agreement
noun[C]
ECONOMICS,COMMERCEukusaformalagreementbetween two or morecountriesaboutimprovingtradewith each other, forexamplebyremovingimporttaxes:
Theysignedatradeagreementthatscrapsmost of thetariffsontradeinmanufacturedgoodsbetween the twocountries.
afreetradeagreement
abilateraltradeagreement
See also
preferential trade agreement