A free trade agreement (FTA) is a pact between two or more countries that aims to reduce or eliminate barriers to trade, such as tariffs and import quotas. By doing so, FTAs encourage the exchange of goods and services, making it easier and cheaper for countries to trade with one another. This can lead to increased economic growth and consumer choice. Countries often negotiate FTAs to strengthen their economic ties and promote cooperation. Examples of such agreements include the North American Free Trade Agreement (NAFTA) and the European Union (EU) trade agreements. These agreements can help boost industries and create jobs by opening new markets for businesses.