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Conclusion of the first round of NAFTA renegotiation

August 24, 2017

Canada, Mexico and the United States launched in Washington last week the renegotiation and modernization of the North American Free Trade Agreement (NAFTA).

During this first round, detailed presentations were made by the United States, Mexico and Canada across the scope of the agreement, and negotiating groups began work to advance text and agreed to provide additional text, comments or alternate proposals during the following two weeks.

According to a joint news release the scope and volume of proposals during the first round of the negotiation reflects a commitment from all three countries to an ambitious outcome and reaffirms the importance of updating the rules governing the world's largest free trade area.

Negotiators from each country will reconvene in Mexico for a second round of talks from September 1-5.

The joint release says negotiations will continue at a rapid pace, moving to Canada in late September and returning to the United States in October, with additional rounds being planned for the remainder of the year.

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