Trade relations refer to the economic interactions between countries, focusing on the exchange of goods and services. These relations can involve imports and exports, tariffs, and trade agreements that help facilitate smoother transactions. Countries often engage in trade to access resources, technology, and markets that they may not have domestically. Strong trade relations can lead to economic growth, job creation, and improved diplomatic ties. Organizations like the World Trade Organization (WTO) play a crucial role in regulating and promoting fair trade practices among nations. Effective trade relations can also help countries respond to global challenges, such as economic downturns or supply chain disruptions.