free trade agreement
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free trade agreement
An international treaty between two or more states in which the reduction of trade barriers such as tariffs and import restrictions is agreed upon in order to facilitate mutual trade.
Die Europäische Union hat ein neues Freihandelsabkommen mit Neuseeland unterzeichnet.
The European Union has signed a new free trade agreement with New Zealand.
This long word can easily be broken down into three parts: 'frei' (free) + 'Handel' (trade) + 'Abkommen' (agreement). So it is literally an agreement for free trade.
Die Verhandlungen über das neue Freihandelsabkommen dauerten mehrere Jahre.
The negotiations on the new free trade agreement took several years.
In connection with treaties, this noun is often used with verbs such as 'abschließen' (to conclude), 'unterzeichnen' (to sign), 'verhandeln' (to negotiate), or 'ratifizieren' (to ratify).
Die beiden Länder wollen ein Freihandelsabkommen abschließen.
The two countries want to conclude a free trade agreement.
To name the partners in the agreement, the preposition 'zwischen' (between, for two partners) or 'mit' (with, from the perspective of one partner) is typically used.
Es gibt ein Freihandelsabkommen zwischen Kanada und der EU.
There is a free trade agreement between Canada and the EU.
trade agreement
A Handelsabkommen generally sets out the conditions for trade between states. A Freihandelsabkommen is more specific and provides for the removal of tariffs or other trade barriers. When facilitating free trade is the main focus, Freihandelsabkommen is the right term; for other trade rules, Handelsabkommen is sufficient.
Die beiden Staaten senken durch das Freihandelsabkommen ihre Zölle auf viele Waren.
Through the free trade agreement, the two countries are lowering their tariffs on many goods.
Die beiden Staaten legen im Handelsabkommen gemeinsame Regeln für den Warenverkehr fest.
In the trade agreement, the two countries establish common rules for the movement of goods.
