Oxford Business English Dictionary for Learners of English

'trade .advertisingnoun [u](,Marketing) the act of making a product or service known to the people who will sell it to customers, rather than to the customers themselves

'trade agreement {also commercial 'treaty)

noun [C]

{Economics) an arrangement between two or more countries in which they agree to special conditions, for example lower prices and import duties, when buying from and selling to each other: a bilateral (= between two countries) trade agreement о a multilateral (= between three or more countries) trade agreement

'trade association noun [c] {Economics) an organization for companies in the same industry, that provides advice, information and other services for its members: the Mexican transport trade association, Canacar о Intertanko, the trade association of independent tanker owners [synl industry association

'trade , balance = balance of trade

trade .barrier noun [c] {Economics) an action by a government that makes free trade between its own country and other countries more difficult or impossible (MB Examples of trade barriers include tariffs, quotas, embargoes and sanctions: Under the agreement, member countries will remove trade barriers on industrial goods, о Exports from developing countries face higher trade barriers than products from developed countries, о Several countries agreed to lower trade barriers to their farm products.

О to create/erect/raise trade barriers [25] to dismantle/ lower/reduce/remove trade barriers

'trade bill (also com'mercial bill) noun [C]{Trade) a bill of exchange that is used to pay for goods

'trade .buyer noun [c] {Finance) a company that buys another company, especially one in the same business: If no trade buyer is found for the firm, it will be floated on the stock market.

'trade .counternoun [c] (BrE)(Commerce) a part of a factory, warehouse or website where a business can buy goods at reduced prices

'trade .creditnoun [u,c] {Accounting) an arrangement by which one company allows another company a period of time in which to pay for goods after it has received them

'trade .creditornoun [c](,Accounting) a company that has provided goods or services to another company but has not yet been paid

'trade .cyclenoun [c] {especially ВгЁ){Economics) the usual pattern of a country's economy, with periods of success (expansion) and periods of difficulty (contraction) happening regularly one after another Isyni business cycle

'trade debt = business debt

'trade deficit {also 'trade gap) noun [c, usually sing.]

{Economics) a situation in which the value of a country's imports is greater than the value of its

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exports; the amount by which the two values are different: a widening/worsening trade deficit о The country posted a trade deficit of $1.5 billion in January. balance of payments, balance of

trade, trade surplus

to post/run/suffer a trade deficit ♦ to cut/reduce a trade def icit

'trade delegation noun [c] a group of manufacturers or suppliers who visit another country in order to increase business with that country: Canada sent a trade delegation to South Korea.