Free trade agreements, or FTAs, are bilateral or multilateral agreements between countries that aim to reduce or eliminate trade barriers and promote economic growth. These agreements can take many forms, but they all share the common goal of increasing trade between participating countries.

One example of a free trade agreement is the North American Free Trade Agreement, or NAFTA. NAFTA was signed in 1994 by the United States, Canada, and Mexico, and it created a free trade zone between these countries. Under NAFTA, tariffs on goods traded between the three countries were eliminated, which helped to boost economic growth and create jobs.

Another example of a free trade agreement is the Trans-Pacific Partnership, or TPP. The TPP was signed in 2016 by 12 Pacific Rim countries, including the United States, Australia, Japan, and Canada. The agreement aimed to reduce trade barriers and promote economic growth by lowering tariffs and harmonizing regulations between the participating countries.

Other free trade agreements include the European Union`s single market, which allows for the free movement of goods, services, capital, and people between member states, and the ASEAN Free Trade Area, which promotes trade between Southeast Asian countries.

In summary, free trade agreements are important tools for promoting economic growth and reducing trade barriers between countries. From NAFTA to the TPP and beyond, these agreements have helped to create jobs, increase exports, and improve living standards for people around the world.