International trade agreements hold significant importance as they facilitate global economic integration and foster cooperation among nations. They set rules for trade relations, promote investment, and aim to reduce barriers such as tariffs. These agreements can boost economic growth, create jobs, and enhance competitiveness, leading to overall prosperity. However, they can also present challenges, such as undermining local industries or exacerbating inequalities. Therefore, the significance of these agreements extends beyond economics, affecting political relations and social welfare across nations.