Multilateral trade agreements are treaties between three or more countries that aim to facilitate trade by reducing tariffs, import quotas, and other trade barriers. These agreements help create a more predictable and stable trading environment, encouraging economic cooperation and growth among the participating nations. Examples of multilateral trade agreements include the World Trade Organization (WTO) agreements and the North American Free Trade Agreement (NAFTA), which was replaced by the United States-Mexico-Canada Agreement (USMCA). Such agreements can enhance market access, promote fair competition, and foster international economic relations.