A Multilateral Agreement is a formal arrangement between three or more parties, typically countries, to cooperate on specific issues. These agreements can cover a wide range of topics, such as trade, environmental protection, or security. By working together, the involved parties aim to achieve common goals and address shared challenges more effectively than they could individually. Such agreements often lead to the establishment of rules and standards that all parties agree to follow. Examples include the Paris Agreement on climate change and the North American Free Trade Agreement (NAFTA). These frameworks help facilitate collaboration and promote stability among the participating nations.