NAFTA Round 5 will have a 2-day prelude

The administration hopes to wrap up the 2.0 talks by the end of March, to avoid running into trouble with the political calendar in all three countries as well as side-stepping the potential expiration of U.S. trade promotion authority.

"There is no precise date by which the negotiations must end," Commerce Secretary Wilbur Ross said during a speech to the U.S.-Japan Council on Monday. "But as a practical matter, if there's no resolution by more or less the end of March, the political calendar will make it very difficult to complete a deal."

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