Economic alliances are agreements between countries to promote trade and investment. These partnerships can help nations reduce tariffs, share resources, and create a more stable economic environment. By working together, countries can boost their economies and improve the standard of living for their citizens. Examples of such alliances include the European Union and the North American Free Trade Agreement (NAFTA). These alliances can also enhance political relationships and foster cooperation on global issues. When countries collaborate economically, they are more likely to work together on challenges like climate change and security. Overall, economic alliances play a crucial role in shaping the global economy and promoting peace.