Definitions for trade agreement
trade agree·ment

WikipediaRate this definition:0.0 / 0 votes

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. Margaret Spring:

   We are encouraged that the Trans-Pacific Partnership sets a new bar for ocean conservation measures in a trade agreement by including specific provisions to encourage sustainable fisheries management, fight illegal, unreported and unregulated fishing, protect sharks and other key marine species, and eliminate harmful fishing subsidies.

2. Hillary Clinton and Bernie Sanders:

   Excuse me, I’m talking, your story is for voting for every disastrous trade agreement.

3. Treasury Secretary Jack Lew:

   Our partners fear that a trade agreement with an enforceable currency discipline could constrain the ability of their monetary authorities to conduct appropriate macroeconomic policies, and that is a risk they are unwilling to take.

4. President Barack Obama:

   This partnership levels the playing field for our farmers, ranchers, and manufacturers by eliminating more than 18,000 taxes that various countries put on our products, it includes the strongest commitments on labor and the environment of any trade agreement in history, and those commitments are enforceable, unlike in past agreements. It promotes a free and open Internet. It strengthens our strategic relationships with our partners and allies in a region that will be vital to the 21st century.

5. David Carter:

   The general consensus seems to be we'll come to some sort of trade agreement, but it may be choppy until we get there.

References

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