The most favorable status of trade accorded is the "Most Favored Nation" designation, which since 1998 is known in the US as "Permanent Normal Trade Relations" (PNTR). This status guarantees that the nations involved will provide the same treatment to each other as they each do to other countries with the same status.
a treaty to create favorable trade terms between two nations
When an agreement is formed between two nations the mort popular term is Treaty.
a treaty is an agreement between two or more nations.
treaty
The Treaty of Paris is more favorable to the United States.
That is a treaty.
interstate compact a treaty is an agreement between two nations.
A formal agreement between two or more nations is called a treaty.
A formal agreement between two countries is called a treaty or a pact.
treaty of european union.
Hall Of Mirrors :)
Between Spain and Portugal concerning territorial disputes about Brazil