<h1>Landmark Free Trade Agreement Cuts Tariffs from 15% to 3%, Boosting $34B Annual Bilateral Trade</h1> Two countries have finalized a landmark free trade agreement expected to increase bilateral trade by approximately USD 34 billion annually. The agreement reduces average tariffs from 15% to 3%, enhancing market access for goods such as beverages, cosmetics, vehicles, and medical devices. It aims to facilitate easier and more affordable trade, benefiting consumers and businesses in both nations. Alongside the trade deal, the parties will launch a strategic partnership vision extending to 2035, focusing on economic growth, defense cooperation, climate change, border security, and educational exchanges. This agreement represents the most comprehensive trade deal for one party and the most significant bilateral trade agreement for the other since its exit from a major economic union. The pact is anticipated to create jobs, stimulate business opportunities, and strengthen cooperation across multiple sectors.