Canada entered into a new trade agreement that will allow for increased facilitated trade with Norway, Iceland, and Switzerland. This new agreement is known as the:
A)European Free Trade Association (EFTA)
B)European Economic Community (EEC)
C)Mini European Union (MEU)
D)North-Central European Free Trade Agreement (NCEFTA)

Question

Quizplus · Accepted Answer

The correct choice is A because the European Free Trade Association (EFTA) includes Norway, Iceland, Switzerland, and Liechtenstein, and has a free trade agreement with Canada that allows for facilitated trade between these countries. The other options are incorrect: B is a former name for the European Union, C does not exist, and D is not a real trade agreement.

Canada Entered into a New Trade Agreement That Will Allow