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No it doesnt, that might be the reasoning of the poodle french, who are perennially terrified of the germans, but thats certainly not how it was sold to us.It's not about who we are friends with, it's about who we (historically) trade and fight wars with.
The EFTA exists so we can trade freely with our Geographically nearest neighbours.
The EU exists so we don't ever again have to declare war on our Geographically nearest neighbours.We are never going to declare war on either the US or a member of the Commonwealth.........