Forget Brexit concerns, it's time for Brifta

"BREXIT" was the British referendum vote to exit the European Union (EU). Brifta would be a British free trade area. It could begin with a series of bilateral free trade deals. Britain would drop all tariffs and quotas on trade in return for reciprocal treatment. There would be no shortage of potential partners. Australia is already knocking on the door. New Zealand will doubtless follow. China has shown an interest.

Bilateral arrangements could rapidly become multilateral. The UK is the world's fifth-largest economy measured in current dollar GDP. It is also the fifth-largest importer. British GDP exceeds th…