How are international relations influenced by trade agreements? 🔊
International relations are significantly influenced by trade agreements, which establish the terms under which countries exchange goods and services. These agreements can enhance diplomatic ties, boost economic cooperation, and promote international peace. By reducing tariffs and trade barriers, countries can foster economic growth and stimulate investments. Additionally, trade agreements often include regulatory standards that enhance collaboration on issues like environmental protection and labor rights. They serve as critical tools for shaping a country's role in the global economy and influence its foreign policy objectives.
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