Bilateral trade agreements are treaties between two countries that aim to promote trade and economic cooperation. These agreements typically reduce or eliminate tariffs, quotas, and other trade barriers, making it easier for businesses in both countries to exchange goods and services. By fostering a more favorable trading environment, bilateral agreements can enhance economic growth and strengthen diplomatic relations. Countries often negotiate these agreements to gain access to each other's markets and to protect their own industries. Examples of such agreements include the United States-Mexico-Canada Agreement (USMCA) and the European Union's trade agreements with various nations.