Meaning of the word "trade agreement" in English

What does "trade agreement" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

trade agreement

US /ˈtreɪd əˌɡriː.mənt/
UK /ˈtreɪd əˌɡriː.mənt/
"trade agreement" picture

Noun

1.

a treaty between two or more countries that establishes rules for trade between them

Example:
The two nations signed a new trade agreement to boost economic cooperation.
The proposed trade agreement aims to reduce tariffs and open markets.
Learn This Word at Lingoland