Trade Pact

A trade pact (also known as trade agreement) is a wide ranging tax, tariff and trade pact that often includes investment guarantees. The most common trade pacts are of the preferential and free trade types are concluded in order to reduce (or eliminate) tariffs, quotas and other trade restrictions on items traded between the signatories.

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Famous quotes containing the words trade and/or pact:

    “A nose, kind sir! Sure, Mother Nature,
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    If such were mine, I’d try and trade it,
    And swear the gods had never made it.”
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