International Trade Agreements are treaties between countries that establish the rules for trade between them. These agreements can reduce tariffs, eliminate trade barriers, and promote economic cooperation, benefiting all parties involved. Examples include the North American Free Trade Agreement (NAFTA) and the European Union (EU) trade policies.
These agreements can be bilateral, involving two countries, or multilateral, involving multiple nations. They aim to create a more predictable and stable trading environment, encouraging investment and economic growth. By fostering international cooperation, trade agreements can also help resolve disputes and enhance diplomatic relations.