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Trade Relations

Definition

Trade relations refer to the economic interactions between countries, including the exchange of goods and services. These relationships are often governed by international trade agreements.

Related terms

International Trade Agreements: These are contracts between countries that outline the rules for trade between them. They can include things like tariffs, import quotas, product standards, and more.

Exports: Goods or services produced in one country and sold to another. It's like if you make a great PowerPoint slide and another group uses it in their presentation.

Imports: Goods or services bought by one country from another. Like if your group can't figure out how to do the math for your project, so you get help from someone else's work.

"Trade Relations" appears in:

Study guides (1)

  • AP US History - 9.4 A Changing Economy

Practice Questions (1)

  • What persisted in the nature of trade relations among Native American tribes and European settlers during the colonial era?

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About Us

About Fiveable

Blog

Careers

Code of Conduct

Terms of Use

Privacy Policy

CCPA Privacy Policy

Resources

Cram Mode

AP Score Calculators

Study Guides

Practice Quizzes

Glossary

Cram Events

Merch Shop

Crisis Text Line

Help Center

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.