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Vietnamese

Từ vựng:

reciprocity in trade

Giải nghĩa:

/rɪˈsɪprəsɪ ɪn treɪd/ – Phrase


Definition: sự dành cho nhau những đặc quyền về mậu dịch.

A more thorough explanation: Reciprocity in trade refers to the practice of granting similar trade advantages or concessions to another country in exchange for similar benefits. It involves a mutual agreement between two or more countries to reduce trade barriers, such as tariffs or quotas, in order to promote fair and balanced trade relations.

Example: The two countries agreed to a trade agreement that included provisions for reciprocity in trade, ensuring that each country would receive equal treatment in terms of tariffs and market access.

 

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