The phrase "new agreement" refers to a recently made or updated contract or understanding between two or more parties. It means that they have come to a fresh agreement regarding a particular matter. Full definition
Because of the nature of the business I work for, I've had the opportunity to work with firms across the country and to negotiate new agreements with a number of them. (slaw.ca)
The company has reached new agreements recently with a ton of different companies. (goodereader.com)
There's also new agreement at the jet stream level. (wunderground.com)