Economic partnerships are collaborative agreements between two or more entities, such as countries, businesses, or organizations, aimed at enhancing trade and investment. These partnerships can take various forms, including free trade agreements, joint ventures, or strategic alliances, and are designed to promote mutual economic growth and development. Through economic partnerships, participants can share resources, knowledge, and technology, leading to increased efficiency and innovation. For example, countries may lower tariffs on each other's goods, making it easier for businesses to access new markets. This cooperation can ultimately benefit consumers by providing more choices and lower prices.