Question

Which of the following is a trade agreement than has encouraged international trade?
A. CAAT
B. NAFTA
C. FTANA
D. EFTA

Answer 1

Explanation:

B. NAFTA

There are 2 types of international trade agreements:

Multilateral (or Regional) Agreements. They set rules of trade between several countries. Multilateral agreements shape international trade unions, such as WTO, EU, NAFTA, etc. ...

Bilateral Agreements. They set rules of trade between two countries.

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Answer 2

Answer:

Option(B)

NAFTA is a trade agreement that has encouraged international trade.

Explanation:

NAFTA is the abbreviation of North America Free Trade Association. It is a trilateral trade agreement signed by United States of America, Mexico and Canada . It's main objective is to promote inter border  trade , allowing the exchange of services and goods among the countries.

NAFTA also promotes free trade thus building an arena of free competition. Thus international trade has been encouraged with this agreement.