Resource title

Reciprocity (Commercial Policy)

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image for OpenScout resource :: Reciprocity (Commercial Policy)

Resource description

In the area of international trade, reciprocity refers to an agreement between two or more countries to mutually reduce tariffs and duties on goods traded between them. Reciprocity has played an important role in the trade policy of the United States since 1934, when the Reciprocal Trade Agreements Program was initiated to lower tariffs and other trade barriers.

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Resource language

en

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text/html

Resource resource URL

http://www.referenceforbusiness.com/encyclopedia/Pro-Res/Reciprocity-Commercial-Policy.html

Resource license

Copyright © 2011 Advameg, Inc.