The agreement is partly meant to help develop the economy of Israel and the United States.
<u>Explanation:</u>
Trade agreement is the agreement among two or more countries where they make certain agreements of trading goods and services of their countries. Trade agreement is also known as the trade pact.
It is signed among two or more countries where there are certain pacts made regarding the trading of goods and services which have been manufactured in their countries to the countries with whom the pact has been signed.
It might include the pacts on tariffs and duties or on the quantities to be imported or exported. The main purpose of this is to develop the market of the countries who are a part of the agreement.
