Economic partnerships are collaborative agreements between countries, businesses, or organizations aimed at enhancing trade and investment. These partnerships can take various forms, such as free trade agreements, joint ventures, or strategic alliances, and are designed to reduce barriers to trade, promote economic growth, and create jobs.
Through economic partnerships, participants can share resources, technology, and expertise, leading to increased efficiency and innovation. For example, countries may work together to develop infrastructure projects or support small businesses, ultimately benefiting their economies and improving the standard of living for their citizens.