Final answer:
An agreement with a foreign nation is called a treaty or an executive agreement. Treaties require legislative ratification, while executive agreements, negotiated by the Executive Branch, may not. Examples include the Iran Nuclear Deal and the USMCA.
Step-by-step explanation:
An agreement made with a foreign nation can be referred to as a treaty or an executive agreement. The decision between using a treaty or an executive agreement depends on various factors, including the subject matter of the agreement, the level of commitment involved, and the need for speed and flexibility. Treaties are formal agreements between countries that require ratification by a country's legislature, such as the requirement for two-thirds of the U.S. Senate to ratify treaties under U.S. law. On the other hand, executive agreements are formal agreements negotiated and signed by the Executive Branch and do not require ratification by the legislature, although some may require legislative approval if congressional power of the purse is implicated.When it comes to international relations and determining the utility of multinational pacts or bilateral agreements, it often involves assessing the benefits and concessions of such agreements. Examples of international treaties include the Joint Comprehensive Plan of Action (also known as the Iran Nuclear Deal) and trade agreements like the United States-Canada-Mexico Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA). Each of these reflects the complex interplay of diplomacy, foreign policy considerations, and the need for cooperation among nations.In conclusion, treaties and executive agreements are key tools that nations use to formalize their commitments and carry out their foreign policies. While treaties offer a formal and binding commitment ratified by legislative bodies, executive agreements provide a more flexible approach, allowing for swift action in the complicated arena of international diplomacy. As global dynamics constantly evolve, so does the strategy behind choosing the appropriate type of agreement.