There's renewed speculation today that the UK is looking into the possibility of joining NAFTA, the North American Free Trade Association. That's rather strange since the future of NAFTA is up in the air at the moment. Negotiations among the USA, Canada and Mexico over the future of the pact. Just yesterday Canada's Prime Minister was at the White House meeting with the President and the main subject for discussion was NAFTA. In the UK, the forces that fought against Brexit are posturing that the UK joining NAFTA is just a ploy to help in negotiations with the EU about the British exit from that bloc. Maybe they're correct. Maybe the Brits really have no desire to join NAFTA.
But would it be a good thing to add the UK to NAFTA? Of course, that would depend on the terms of the deal. In general, though, Britain would suddenly get much greater access to the North American market than any other country in Europe. That market is actually larger than the European market of the EU. American countries would get much greater access to the UK market, something that could also provide a strong benefit for businesses here. And the good thing about NAFTA compared to the EU is that NAFTA is just a trade group; it has no government-like operations. No more regulations from Brussels bureaucrats that supersede laws made in London. No more unlimited immigration in Britain. It certainly sounds like it's an idea worth exploring.
Maybe Britain in NAFTA is just a negotiating ploy. Even so, it might be great to make that ploy a reality.
But would it be a good thing to add the UK to NAFTA? Of course, that would depend on the terms of the deal. In general, though, Britain would suddenly get much greater access to the North American market than any other country in Europe. That market is actually larger than the European market of the EU. American countries would get much greater access to the UK market, something that could also provide a strong benefit for businesses here. And the good thing about NAFTA compared to the EU is that NAFTA is just a trade group; it has no government-like operations. No more regulations from Brussels bureaucrats that supersede laws made in London. No more unlimited immigration in Britain. It certainly sounds like it's an idea worth exploring.
Maybe Britain in NAFTA is just a negotiating ploy. Even so, it might be great to make that ploy a reality.
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