Nafta Said to Gain Steam With Agreement on Anti-Corruption Moves

  • Chapter would be third to close since talks started in August
  • Telecommunications, e-commerce also said to be near agreement
Bloomberg’s Michael McKee reports on the Nafta negotiations in Montreal. (Source: Bloomberg)
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Talks to update Nafta took a step forward after negotiators in Montreal agreed to measures aimed at preventing corruption, the first official “chapter” completed since October, said five people with knowledge of the process.

The efforts to clamp down on graft and bribery had been pushed by Mexico as a new issue for the 24-year-old North American Free Trade Agreement. The measures were agreed to on Friday, according to the people, who asked not to be identified speaking before a public announcement.