Phrases with «trade pact»

A trade pact is an agreement made by multiple countries to reduce barriers to trade and increase economic cooperation. It helps countries trade goods and services more easily with each other, often by reducing tariffs or duties on imports and exports. The purpose is to promote economic growth and create more opportunities for businesses in those countries. Full definition

Sentences with «trade pact»

  • He also said he wants South Korea to pay the cost of the U.S. THAAD anti-missile defense system, which he estimated at $ 1 billion, and intends to renegotiate or terminate a U.S. free trade pact with South Korea because of a deep trade deficit with Seoul. (reuters.com)
  • The Kremlin says that Russia and its ex-Soviet allies will sign a free trade pact with Iran. (wbng.com)
  • Since taking office, Trump has taken a hard line on trade, abandoning a 14 - nation Pacific trade pact and threatening to pull out of the North American Free Trade Agreement with Canada and Mexico. (businessinsider.com)
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