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Britain Could Join Trans-Atlantic Trade Alliance Bigger Than EU

Posted October 11, 2017

Under Economic Issues, International Trade Issues

(Gordon Rayner & Jack Maidment – The Telegraph)

Britain could join a formal trade alliance with the US, Canada and Mexico if Britain is unable to secure a post-Brexit deal with the EU under plans being considered by ministers.

The Telegraph understands that the Government is examining the possibility of joining the North American Free Trade Agreement, known as NAFTA, as part of its planning for a “no deal” scenario.

Joining NAFTA would enable the UK to boost its trade with three of the world’s economic powerhouses, which have a combined Gross Domestic Product (GDP) of £17.2 trillion, compared with the EU’s GDP of £15.7 trillion. Click here to read more.

Related: UK Mulls NAFTA Deal as Brexit Talks Stall (Deutsche Welle)