reciprocal trade
[/rɪˈsɪprəkəl treɪd/]
nounpl: reciprocal trades
comércio recíproco
1. International trade between two countries based on mutual agreement to grant each other equal or equivalent trade privileges, tariff reductions, or market access
The two nations signed a reciprocal trade agreement to reduce tariffs on agricultural products.
Os dois países assinaram um acordo de comércio recíproco para reduzir tarifas sobre produtos agrícolas.
2. A system of trade exchanges where both parties agree to provide similar benefits or concessions to one another
Reciprocal trade policies aim to create balanced economic relationships between trading partners.
As políticas de comércio recíproco visam criar relações econômicas equilibradas entre parceiros comerciais.
Reciprocal trade is a cornerstone concept in international economics and trade policy. In Brazil, discussions of reciprocal trade often focus on agricultural exports and manufacturing sectors. In the USA, this concept gained prominence through the Reciprocal Trade Agreements Act of 1934. Both countries have used reciprocal trade frameworks to negotiate with trading blocs like MERCOSUR, USMCA, and the EU.
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