Question

Which of the following treaties was one of the first to represent a move toward free trade?

a. The British Navigation Act

b. The Reciprocity Treaty

c. The Bretton Woods Agreement

d. The Canada-United States Free Trade Agreement (CUSFTA)

e. The North American Free Trade Agreement (NAFTA)

Answer 1

British Navigation Act is not a free trade agreement and rather it is an act that tightens the control of British over their colonies on the whole.

CUSFTA and NAFTA are free trade agreements that are not very old but very young in tbe late 1980s and mid 1990s respectively

Bretton Wpords is not a free trade agreement which tells about the initially formed rules of commerce between the countries.

Therefore (a,c,d,e) are wrong

However, Reciprocity treaty is one of the earliest free trade agreements in 1854 and this is between United States and Great Britian.

Therefore (b) is the answer to this question