Question

Electra Bikes is an American brand with a global presence. Which of the following trade agreements allowed Electra Bikes to expand its business by opening a new market in Canada?\

Answer 1

Answer:

NAFTA

Explanation:

NAFTA stands for the North American Free Trade Agreement and it represents a standing treaty between Mexico,  Canada and the United States and it is recognized as the largest free trade treaty in the world.

NAFTA's treaty makes it possible for Electra Bikes which is an American brand to expand its business to Mexico and Canada. NAFTA as a treaty facilitates this expansion because the treaty has removed the trade barriers that existed among the three nations.