Regional trade partnerships are agreements between countries in a specific area to promote trade and economic cooperation. These partnerships often reduce tariffs, eliminate trade barriers, and create common standards, making it easier for businesses to trade with one another. Examples include the European Union and the North American Free Trade Agreement (NAFTA). Such partnerships aim to boost economic growth by increasing market access for goods and services. They can also enhance political relationships among member countries, fostering collaboration on various issues, including environmental protection and labor standards. Overall, regional trade partnerships play a significant role in shaping global trade dynamics.