Global trade initiatives

Global trade initiatives refer to efforts and agreements between countries to facilitate and promote trade across borders. These initiatives aim to reduce trade barriers, such as tariffs and quotas, making it easier for nations to exchange goods and services. They can include Free Trade Agreements (FTAs), trade blocs, and cooperation frameworks that enhance economic collaboration. By fostering open markets, these initiatives encourage investment, create jobs, and contribute to economic growth, while also promoting standards for labor and the environment, ensuring that trade benefits a broader range of stakeholders.