Context: President Joe Biden declared the “transatlantic alliance is back” in a powerful speech seeking to reestablish the U.S. as leader of the West against what he called a global assault on democracy.

Transatlantic Free Trade Area:

• A Transatlantic Free Trade Agreement (TAFTA) is a proposal to create a free-trade agreement covering Europe and North America, on both sides of the Atlantic Ocean. Such proposals have been made since the 1990s.
• Since 2013 an agreement between the United States and the European Union (EU) has been under negotiation: the Transatlantic Trade and Investment Partnership.
• If an agreement is reached and ratified on both sides, it could at least in theory be expanded to include the European Free Trade Association (EFTA).
• Canada and Mexico both have free trade agreements with both the EU and EFTA.

https://www.thehindu.com/todays-paper/tp-international/transatlantic-alliance-is-back-says-biden/article33885230.ece

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