economic agreements

Economic agreements are formal arrangements between countries or businesses that outline how they will work together to trade goods, services, or resources. These agreements aim to reduce barriers like tariffs or quotas, making it easier and cheaper to exchange products. They can promote economic growth, create jobs, and foster cooperation. Examples include trade pacts or investment treaties. By establishing clear rules and standards, these agreements help ensure smooth, predictable economic interactions, encouraging mutual benefit and stability between parties involved.