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NAFTA Talks on Big Changes to Start This Year, U.S. Commerce Secretary Says

(Alexander Panetta – Canadian Press)

North America Free Trade Agreement negotiations will probably start late this year, might take about a year, and will include serious changes that could include the addition of several entire new chapters to the landmark agreement.

That’s according to U.S. Commerce Secretary Wilbur Ross, tasked by President Donald Trump to assist negotiations. And while the president suggests he simply wants minor tweaks in the arrangement with Canada, his point man foresees substantive changes.

“The Mexicans know, the Canadians know, everybody knows, times are different. We are going to have new trade relations with people,” Ross told a Bloomberg broadcast interview Wednesday. Click here to read more.