Reciprocal trade agreement

Reciprocal Trade Agreement
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Reciprocal Trade Agreement
An international agreement between two or more countries to establish mutual trade concessions that are expected to be of equal value.
Reciprocity ...

Reciprocal Trade Agreement Act passed in 1934 by the U.S. Congress, it allowed cuts in tariff rates based on similar cuts in tariff rates in European countries. (18) ...

Reciprocal Trade Agreements
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Reciprocal trade agreement
Agreement between two countries to open their markets to each other's exports, usually by each reducing tariffs.

See also: Tariff, Free trade, Tariffs, GATT, General Agreement on Tariffs and Trade