Both countries will reduce or eliminate tariffs, import quotas, export restrictions and other trade barriers to promote trade and investment. Regional trade agreements refer to a treaty signed by two or more countries to promote the free movement of goods and services across the borders of its members. Agreement with internal rules that Member States comply with each other. As regards relations with third countries, there are external rules with which members comply. The agreement opened up one of Latin America`s fastest-growing markets. In 2015, the United States exported $25.4 million in beef and beef to Peru. The removal of Peruvian certification requirements, known as the export verification program, has allowed U.S. breeders to access an expanded market. The most important multilateral agreement is the agreement between the United States, Mexico and Canada (USMCA, formerly the North American Free Trade Agreement or NAFTA) between the United States, Canada and Mexico. Trade agreements that the WTO refers to as preferential are also called regional “RTAs”, although they are not necessarily concluded by countries in a given region. As of July 2007, 205 agreements are currently in force. More than 300 have been notified to the WTO.
 The number of free trade agreements has increased considerably over the past decade. Between 1948 and 1994, the General Agreement on Tariffs and Trade (GATT), the predecessor of the WTO, received 124 notifications. Since 1995, more than 300 trade agreements have been concluded.  The failure of Doha allowed China to establish itself in world trade. He has signed bilateral trade agreements with dozens of countries in Africa, Asia and Latin America. Chinese companies have the right to develop the country`s oil and other raw materials. In return, China provides loans and technical or commercial assistance. Regional trade agreements are very difficult to set up and engage when countries are more diverse. Free trade policy is not so popular with the general public.
The main problems are unfair competition from countries where falling labour costs reduce prices and lose well-paying jobs to producers abroad. The WTO continues to classify these agreements into the following categories: in principle, free trade at the international level is no different from trade between neighbours, cities or states.