Intercontinental trade agreements are formal arrangements between countries from different continents that aim to promote trade by reducing tariffs, import quotas, and other trade barriers. These agreements help facilitate smoother exchanges of goods and services, making it easier for businesses to operate internationally. Such agreements can enhance economic cooperation and create opportunities for growth by opening new markets. Examples include the Trans-Pacific Partnership and the African Continental Free Trade Area, which aim to boost trade among member countries and foster economic development across regions.