Commercial Treaty (Noun)
Meaning
A treaty governing commerce between two or more nations.
Classification
Nouns denoting communicative processes and contents.
Examples
- The negotiations for a commercial treaty between the United States and Japan had stalled due to disagreements over tariffs and trade regulations.
- The commercial treaty between the European Union and South Korea went into effect in 2011, eliminating tariffs on many goods.
- China and Australia signed a landmark commercial treaty in 2015, reducing barriers to trade in services like finance and tourism.
- The country's poor infrastructure and lack of investment made it an unappealing partner for a commercial treaty with major trading nations.
- The new commercial treaty between Canada and the European Union allows for greater access to the Canadian market for European companies, particularly in the area of financial services.