What are the potential economic implications of the recent trade agreement between Country X and Country Y

In recent news, Country X and Country Y have announced a new trade agreement that has garnered significant attention from economists, policymakers, and the business community worldwide. This trade pact is expected to have far-reaching consequences for both countries and possibly for the global economy as a whole.The agreement covers a wide range of sectors, including manufacturing, agriculture, and technology, and is designed to promote increased trade and cooperation between the two nations. Proponents argue that it will lead to economic growth, job creation, and enhanced access to each other's markets. However, critics raise concerns about potential challenges, such as the impact on domestic industries and the potential for trade imbalances