Cross-Border Trade Agreements

Cross-border trade agreements are deals between two or more countries that establish the rules for trading goods and services across their borders. These agreements aim to reduce tariffs, quotas, and other barriers, making it easier and cheaper for businesses to sell products internationally. They also set standards for quality, safety, and intellectual property. By fostering smoother trade relations, these agreements promote economic growth, create jobs, and enhance cooperation between nations. Examples include free trade agreements like NAFTA or the EU, which facilitate easier trade and investment across member countries.