Global trade agreements are formal arrangements between countries that establish the rules for trade between them. These agreements aim to reduce barriers such as tariffs and quotas, making it easier and cheaper for countries to exchange goods and services. By promoting trade, these agreements can help boost economic growth and create jobs. There are various types of global trade agreements, including bilateral agreements between two countries and multilateral agreements involving multiple nations. Examples include the North American Free Trade Agreement (NAFTA) and the World Trade Organization (WTO), which facilitate international commerce and promote fair competition among member countries.