Trade agreements are there to ensure free flow of goods and services between countries. Six major trade agreements are:

1. NAFTA or the NA Free Trade Agreement

It is a free trade agreement between countries US, C and M. It was implemented in 1994. In 1994 it included only US and C. In 1998 it was expanded to include M as well. Thereby gradually eliminating all kinds of traffic which were being imposed on trade of goods between these nations before this agreement happened.

2. EU or E Union

EU or E community as it is formally known, is by far the trade agreement having maximum number of members. As per records it had 27 nations as its members. EU came in to existence in 1993. EU has broken all kind of national barriers like travel, employment, trade and investment among the member countries. All the member countries also have a common currency Euro, to facilitate smooth trade.