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The main purpose of trade agreements between countries is to reduce trade barriers such as tariffs and quotas and facilitate free trading.
What is a trade agreements?
This refers to the treaties signed by nations to encourage the free flow of goods and services between the members.
These agreements can be a bilateral or multilateral which generally reduce trade barriers such as tariffs and quotas.
An example of trade agreements is one that exist in the Northern Sphere of America called the North American Free Trade Agreement (NAFTA).
Read more about trade agreements
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