The trade agreement
Example: The trade agreement between the countries boosted their economies.
Definition
"The trade agreement" refers to a formal contract between two or more countries that outlines the terms and conditions for exchanging goods and services, aiming to reduce tariffs, enhance economic cooperation, and promote mutual benefits in international trade.
Etymology
The phrase "the trade agreement" combines 'trade,' derived from Old English 'træd' meaning 'path' or 'track,' which evolved to mean commerce or exchange, and 'agreement,' from Old French 'agreer,' meaning to please or consent. Together, they signify a mutually accepted contract for commercial exchange between parties.
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"The trade agreement" appears in the Vocaplus list "English - History - (B1) - set 1", containing 204 commonly used words.
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