An economic partnership is a collaborative agreement between two or more countries or organizations aimed at enhancing trade and investment. These partnerships often involve reducing tariffs, eliminating trade barriers, and promoting economic cooperation to boost growth and development. By working together, the partners can create a more favorable environment for businesses and consumers. Such partnerships can take various forms, including free trade agreements, customs unions, or regional trade agreements. They are designed to benefit all parties involved by increasing market access, fostering innovation, and encouraging the exchange of goods and services. Examples include the North American Free Trade Agreement (NAFTA) and the European Union (EU).