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International Trade Agreements

Meaning

International Trade Agreements are formal treaties or contracts established between two or more sovereign nations that define the rules, rights, and obligations governing their commercial interactions. These agreements are designed to promote predictable and stable global commerce by reducing barriers such as tariffs, quotas, and regulatory discrepancies. They cover a vast range of economic activities, including the trade of goods, services, and intellectual property. The stability they provide is a key factor in the global distribution of health and wellness products.