In London the speculation is that the UK might seek to join Nafta, the North American Free Trade Agreement launched in 1994, once it is no longer a member of the EU. Here in Washington the speculation is that pretty soon there may be no Nafta at all.
The story goes like this. Persuading countries that free trade leads to greater prosperity for all has long been tricky. After the Second World War, the victorious allies were determined to avoid the trade wars that had weakened the world economy in the 1930s. They set up the International Monetary Fund and the World Bank, to help finance trade and development, and wanted to found an International Trade Organisation to break down trade barriers and set the rules for freer trade.
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