The most enduring free trade area in the world is the
A) Asian Free Trade Association.
B) MERCOSUR.
C) European Free Trade Association.
D) North American Trade Association.
E) European Union.

Question

Quizplus · Accepted Answer

The European Free Trade Association (EFTA) was established in 1960 and includes four European countries: Iceland, Norway, Liechtenstein, and Switzerland. It is the oldest and most enduring free trade area in the world. MERCOSUR is a regional trade bloc in South America, while the Asian Free Trade Association and the North American Trade Association are not actual organizations. The European Union is a political and economic union that goes beyond a mere free trade area.

The Most Enduring Free Trade Area in the World Is