Trade agreements in and around the Americas are a dime a dozen. Here's just one source of some of them -
http://www.sice.oas.org/tradee.asp It's amazing how many exist, and I think that the future will show that Spain's tremendous influence in South America, and Central America, will create an agreement that Spain will honor, and be part of, with the US, and Britain, in the future, since Britain's ties to Canada, and Carribean interests are what they are, and the US is cultivating the Americas for the future.
Of course the reason they'll seek out these avenues for import/export will partially be the fact that EU is going to look for cheap labor to the east, but it won't pull Spain or Britain away from EU. But that's just an opinion.
The difference between this "new type of alliance" goes beyond the scope of the WTO, and that's what makes it better for participants, because they can effectively shut Asia, and Southeast Asia out of the picture, creating different avenues for sales.
But all is subject to change. According to sources at the World Bank, at least one trade agreement between nations is modified every working day of the year, and at least one "new agreement," even though not officially beyond the draft stage, emerges nearly every week, creating changes that test the merits of other treaties, and makes their work extremely difficult, when it comes to weighing their efforts in many nations, and changes the balance of power that smaller nations wield, when it comes to the world economy.
Will Spain become part of NAFTA? Probably not, but it doesn't take much to change the name from NAFTA to something else to make it work. Especially since international business ends up dictating where the emerging markets are, and influence their governments to make agreements that will benefit them, even if they don't benefit the people of the nation itself. Finding cheaper labor markets outside a nation's boundaries certainly doesn't help the people. Just business. In the end, nations lose more of their industrial base, just like the US, which is no longer a "world supplier," but considered an "importer," by today's market standards. A trend most average Americans would like to see changed. We're becoming a "service nation," instead of an "industrial nation," and that bites! It only leads to less pay for Americans, as the job markets dry up.
On the other hand, it would sure be cool if the US and Spain had a great trade agreement, where we could get Spanish products without the heavy taxation, wouldn't it?
After all, we keep shipping them our "wonderful products -
" like McDonalds and Pizza Hut, don't we?
Wolf (Who thinks the people should decide on what trade agreements should be in place, not businesses that threaten politicians with support of another candidate, if they fail to deliver what they want.)