[Answer] Why do countries most often create trade agreements?

Answer: to reduce tariffs

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Why do countries most often create trade agreements? A trade agreement (also known as trade pact) is a wide-ranging taxes tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other. The most common trade agreements are of the preferential and free trade types which are concluded in order to reduce (or eliminate) tariffs quotas and other trade restrictions on items traded between the signatories. Regionalism or Regional Trade Agreements (RTA) are trade policies and agreements that are crafted by the nations in a region for the purposes of increasing international trade in the area. RTAs have been described by supporters as a means of increasing free trade with the goal of eventually merging into larger either bilateral or multilateral trade deals. Trade agreement - Wikipedia Free trade agreements of Canada - Wikipedia Free trade agreements of Canada - Wikipedia United States free-trade agreements - Wikipedia The free trade agreements of Canada represents Canada's cooperation in multinational trade pacts and plays a large role in the Canadian economy. Canada is regularly described as a trading nation considering its total trade is worth more than two-thirds of its GDP. Of that total trade roughly 75% is done with countries that are part of free- trade agreements with Canada—primarily the United States through the Canada–United States–Mexico Agreement … These countries apart from the EAC have continually tried to develop trade within the continent. It began with Kenya and Uganda as a customs unionin 1917. In 1927 Tanzania joined until the collapse of the bloc in 1977. The rebirth of the treaty that still stands was created in 1999 and this group of three countries held together until 2009 when Burundi and Rwanda joined. Eventually in 2016 South Sudan joined the group and trade has been bolstered within each country ever since. With the help of harmonization ...

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