The trade agreement
Example: Trade agreement defines rules for exchanging goods between countries
Definition
"The trade agreement" refers to a formal arrangement between two or more countries or parties that establishes specific rules and guidelines for the exchange of goods and services, aiming to facilitate trade, reduce tariffs, and promote economic cooperation.
Etymology
The phrase "the trade agreement" combines 'trade,' derived from Old English 'træd' meaning 'path' or 'course of action,' with 'agreement,' from Latin 'ad-' plus 'gradi,' meaning 'to step.' Together, they signify a stepped or negotiated arrangement specifically focused on commerce.
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"The trade agreement" appears in the Vocaplus list "English - Management - (A1-C2) - set 1", containing 108 commonly used words.
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