Question

How do trade agreements of international organizations affect trade?

Answer 1

International trade agreements of international organizations, such as the WTO, reduce trade barriers and promote free trade, leading to increased international commerce and economic growth.

Step-by-step explanation:

International trade agreements of international organizations, such as the World Trade Organization (WTO), have a significant impact on trade by reducing trade barriers and promoting free trade among member countries. These agreements establish rules and regulations that govern trade, including tariff reductions, elimination of quotas, and protection of intellectual property rights. By reducing trade barriers and providing a more predictable and stable trading environment, these agreements encourage countries to engage in more trade, leading to increased international commerce and economic growth.

Answer 2

Trade agreements contribute to the process of integration of international markets.

When a country reaches an agreement (bilateral or multilateral), with a foreign partner, does so with the aim of relaxing trade barriers between the two of them and to promote the free circulation of goods from the partners within their joint territories.