Definitions for trade agreement
trade agree·ment

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1. Trade agreement

   A trade agreement (also known as trade pact) is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other. The most common trade agreements are of the preferential and free trade types, which are concluded in order to reduce (or eliminate) tariffs, quotas and other trade restrictions on items traded between the signatories. The logic of formal trade agreements is that they outline what is agreed upon and the punishments for deviation from the rules set in the agreement. Trade agreements therefore make misunderstandings less likely, and create confidence on both sides that cheating will be punished; this increases the likelihood of long-term cooperation. An international organization, such as the IMF, can further incentivize cooperation by monitoring compliance with agreements and reporting third countries of the violations. Monitoring by international agencies may be needed to detect non-tariff barriers, which are disguised attempts at creating trade barriers.Trade pacts are frequently politically contentious since they may change economic customs and deepen interdependence with trade partners. Increasing efficiency through "free trade" is a common goal. For the most part, governments are supportive of further trade agreements. There have been however some concerns expressed by the WTO. According to Pascal Lamy, Director-General of the WTO, the proliferation of regional trade agreements (RTAs) "...is breeding concern — concern about incoherence, confusion, exponential increase of costs for business, unpredictability and even unfairness in trade relations." The position of the WTO is that while the typical trade agreements (called preferential or regional by the WTO) are useful to a degree, it is much more beneficial to focus on global agreements in the WTO framework such as the negotiations of the current Doha round. The anti-globalization movement opposes such agreements almost by definition, but some groups normally allied within that movement, e.g. green parties, seek fair trade or safe trade provisions that moderate real and perceived ill effects of globalization.

WikidataRate this definition:0.0 / 0 votes

1. Trade agreement

   A trade agreement is a wide ranging tax, tariff and trade treaty that often includes investment guarantees. The most common trade agreements are of the preferential and free trade types are concluded in order to reduce tariffs, quotas and other trade restrictions on items traded between the signatories.

How to pronounce trade agreement?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say trade agreement in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of trade agreement in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of trade agreement in Pythagorean Numerology is: 1

Examples of trade agreement in a Sentence

1. Nick Bisley:

   Until now it has been a diplomatic spat, we haven't seen it play out beyond the diplomatic and political realm, now it is imposing regulatory barriers without contravening the free trade agreement. We are going to see more of this and this will be the worst the relationship has been since diplomatic relations began.

2. Clinton Cash:

   As I have said for months, I oppose the deal, i have spoken out against the deal, I will vote against the deal, and I will do everything I can to urge the Congress to reject the Colombia Free Trade Agreement.

3. Ben Sasse:

   Clearly, North American Free Trade Agreement's North American Free Trade Agreement and the President is a guy who likes to... entertain a lot of different ideas, but he multiple times reaffirmed the point that TPP might be easier for us to join now once the TPP-11 is aligned and we might be the 12th party to those negotiations, as opposed to the long process that it took to get to TPP.

4. Dominic Raab:

   Our requirements are very clear: we want to remove the anti-democratic backstop and we want to be able to transition our future relationship to a best in class free trade agreement.

5. Flavio Volpe:

   You can't have protectionism within a free trade agreement. It's an oxymoron.”

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Trade_Agreement
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=trade agreement