Trade agreements are formal arrangements between two or more countries that outline the terms of trade between them. These agreements typically govern tariffs, trade barriers, and various trade regulations, aiming to facilitate and enhance trade and economic cooperation. They can cover a wide range of issues, including the exchange of goods and services, investment protections, intellectual property rights, labor standards, and environmental regulations. Trade agreements can take various forms, such as bilateral agreements (between two countries), multilateral agreements (involving multiple countries), or regional agreements (within a specific geographical area). The primary goal of these agreements is to create a more favorable trading environment, promoting economic growth, reducing costs for consumers, and increasing market access for exporters.
The European Free Trade Association (EFTA) and Moldova have signed a free trade agreement, effective April 1st, driving economic collaboration. Switzerland, along with Iceland, Liechtenstein, and Norway, supports economic reforms…