What are the key international agreements on trade and investment?

International agreements on trade and investment play a crucial role in shaping global economic policies and influencing cross-border business operations. These agreements are essential for promoting economic cooperation, removing barriers to trade, and facilitating investment flows between countries. Some of the key international agreements on trade and investment include:

World Trade Organization (WTO)

The WTO is a global organization that sets the rules for international trade. It provides a forum for negotiating trade agreements and resolving disputes between its member countries. The WTO aims to promote free and fair trade by reducing tariffs, quotas, and other barriers to trade.

North American Free Trade Agreement (NAFTA)

NAFTA is a trade agreement between the United States, Canada, and Mexico. It aims to eliminate barriers to trade and investment among the three countries, promoting economic growth and cooperation in North America.

European Union (EU) Trade Agreements

The EU has signed numerous trade agreements with countries around the world to facilitate trade and investment. These agreements help to create a more open and competitive market for EU businesses and support economic growth in partner countries.

In addition to these agreements, countries also enter into free trade agreements, bilateral agreements, multilateral agreements, and economic cooperation agreements to promote trade and investment. These agreements are essential for driving global economic growth, expanding market access, and creating opportunities for businesses to thrive in an increasingly interconnected world.