Free Trade Agreements (FTAs) are treaties between two or more countries that aim to reduce or eliminate trade barriers, such as tariffs and import quotas. By promoting free trade, these agreements encourage economic cooperation and can lead to increased trade flows, benefiting consumers and businesses alike. FTAs can cover a wide range of areas, including goods, services, and investment. Notable examples include the North American Free Trade Agreement (NAFTA) and the European Union (EU) trade agreements. These agreements are designed to create a more competitive market and foster economic growth among the participating nations.