Britain is likely to join the North American Free Trade Agreement (NAFTA) — a trade deal between the US, Canada and Mexico — in case it fails to reach a post-Brexit trade deal with the European Union.
The British newspaper Daily Telegraph reported on Tuesday that British ministers were considering joining NAFTA as part of planning for the possibility of Britain leaving the EU in March 2019 without a trade deal.
“As we prepare to leave the EU, we will seek to transition all existing EU trade arrangements to ensure that the UK maintains the greatest amount of certainty, continuity and stability in our trade and investment relationships,” a spokesman for the Department for International Trade said.
“We are confident that we will find a deal that works for Britain and Europe too. But it is our responsibility as a government to prepare for every eventuality, and that is what we are doing,” the spokesman added when asked about the…