Author(s): Yiming Hommes
Trade agreements have long been essential instruments in promoting economic growth, enhancing international cooperation, and driving global prosperity. However, the landscape of trade agreements is shifting as nations increasingly seek to balance their own economic and political interests with the advantages of globalization. This article explores the evolving role of trade agreements, examining the challenges posed by emerging issues such as climate change, digital trade, and economic inequality. It also addresses the tension between national sovereignty and the need for multilateral collaboration, exploring pathways toward trade policies that maximize global benefits while respecting individual country priorities. The analysis underscores the importance of adaptive, inclusive trade agreements that promote fair competition, sustainable development, and resilience against global disruptions