Economics
Nafta Nations Say Quick Deal on Table as Inaugural Talks End
- U.S., Mexico and Canada say they want ‘comprehensive’ deal
- Next round of talks scheduled for Sept. 1-5 in Mexico
Michael Smart, managing director at Rock Creek Global Advisors, discusses the first round of Nafta talks. He speaks on 'Bloomberg Markets: Asia.' (Source: Bloomberg)
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The U.S., Mexico and Canada ended the first round of talks on a new North American Free Trade Agreement saying they’re committed to wrapping up the negotiations quickly with a far-reaching deal.
“While a great deal of effort and negotiation will be required in the coming months, Canada, Mexico and the United States are committed to an accelerated and comprehensive negotiation process that will upgrade our agreement and establish 21st century standards to the benefit of our citizens,” the countries said in a statement Sunday, after five days of discussions in Washington.