What are the benefits of international agreements?

What are the benefits of international agreements?

International agreements foster cooperation, enhance trade, promote peace, and address global issues collectively.

Can you give examples of such agreements?

Sure! Examples include the Paris Agreement on climate change and the North American Free Trade Agreement (NAFTA).

How do these agreements impact countries economically?

They can boost trade, attract investments, and create jobs by providing a stable framework for economic relations.

What challenges do countries face in these agreements?

Challenges include differing national interests, compliance issues, and the need for negotiation and compromise.

Are there any recent international agreements that have been significant?

Yes, the recent COP26 agreements on climate action and the RCEP trade agreement are significant examples.