Who needs EU? UK creating Brexit deal with world’s LARGEST bloc ahead of Brussels deadlock
BRITAIN could become part of a trans-Atlantic trade alliance even more lucrative than the European Union if the UK is unable to strike a suitable Brexit deal, it has been revealed.
Officials are reportedly working behind the scenes to look at joining the North American Free Trade Agreement (Nafta) – the largest free trade deal in the world.
The three-nation bloc, which includes the United States, Canada and Mexico, has a combined GDP of £17.2trillion, compared with the EU’s output of £15.7trillion.
And if the UK were to join, British businesses would have easy access to North American markets – similar to the current trade arrangement with the EU.
Nafta membership would also remove the need to negotiate complex and long-winded trade deals with each country.
h/t Uncle Bulgaria