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Reciprocity treaty

   Also found in: Wikipedia 0.01 sec.
a treaty concluded between two countries, conferring equal privileges as regards customs or charges on imports, or in other respects.

See also: Reciprocity



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In March 1865, the Americans gave notice they intended to cancel the Reciprocity Treaty of 1854.
The International Registration Plan is a multi-jurisdictional registration reciprocity treaty among states of the United States and provinces of Canada providing for the fair sharing of licensing and registration fees among states and provinces based on the pro rata number of miles a truck or bus travels in all jurisdictions.
Back in 1854, free trade was called reciprocity, and it was in that year that a Reciprocity Treaty was signed with the United States.
 
 
 
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