1. A formal agreement between two or more countries or parties that establishes terms and conditions for trade, including tariffs, quotas, and other commercial regulations.
The two nations signed a trade agreement to reduce tariffs on imported goods.
Os dois países assinaram um acordo comercial para reduzir tarifas sobre bens importados.
2. A contract between businesses or trading partners specifying the terms of their commercial relationship.
The trade agreement outlined the prices and delivery schedules for the products.
O acordo comercial delineou os preços e cronogramas de entrega dos produtos.