Treaty of Reciprocity

The Treaty of Reciprocity is a mutual agreement between two countries that establishes fair trade and economic relationships. It often involves each country offering certain trade privileges or tariffs to the other to promote balanced commerce. Essentially, both nations agree to treat each other's goods and services equally, fostering cooperation and economic growth. These treaties help ensure that trade is equitable, reducing barriers and encouraging a stable, reciprocal relationship between the countries involved.