The trade agreement
Example: The trade agreement between the countries boosted their economies quickly.
Definition
"The trade agreement" refers to a formal arrangement between two or more countries or parties that outlines the terms and conditions for exchanging goods and services. It aims to reduce barriers, such as tariffs and quotas, to promote economic cooperation and mutual benefit.
Etymology
The term "the trade agreement" combines 'trade,' derived from Old English 'træd' meaning 'path' or 'course,' later evolving to mean 'commerce,' and 'agreement,' from Old French 'agreer,' meaning 'to agree.' Together, they describe a consensual contract regulating commercial exchanges. Did you know that trade agreements have been crucial since ancient times for establishing peaceful and profitable relations between nations?
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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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