Trading Terms Dictionary

What are trade agreements and tariff sanctions?

I need to define Social Studies terms for school, but I can’t find the definitions of these to words on dictionary.com: trade agreements (FTA) and tariff sanctions. What are the definitions of these two words?
Thanks! :)

Trade Agreement: Any contractual arrangement between states concerning their trade relations.

http://www.answers.com/topic/trade-agreement

tariff sanction: A trade penalty imposed by one nation onto one or more other nations.*

http://www.answers.com/topic/trade-sanctions


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