Trade Partnership

A trade partnership is an agreement between two or more countries to work together to facilitate the exchange of goods and services. This typically involves reducing tariffs, import/export restrictions, and other trade barriers to promote more efficient and mutually beneficial economic activity. Such partnerships aim to enhance economic growth, create jobs, and improve access to a wider range of products for consumers. They often include commitments on standards, investment, and intellectual property, fostering closer economic integration and cooperation while respecting each country’s regulations and interests.