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Tuesday, October 10, 2017
Round Four of NAFTA Talks May Be Rough
North American Free Trade Agreement (NAFTA) negotiators are facing multiple sticking points when they meet October 11-15 in Arlington, Virginia, to continue hashing out details of NAFTA 2.0.The fourth round will see U.S. offers on some of the most contentious issues in the talks, including rules of origin for autos, dispute settlement, and possibly a sunset clause that would terminate the agreement after five years unless the parties agree to renew it, analysts told Bloomberg BNA.Moving forward with the U.S. proposals could lead to a "chaotic breakdown in the negotiations," John Murphy, the U.S. Chamber of Commerce's president for international policy, warned late last week. Others echoed those concerns. "This could be the round that blows up," an apparel industry source remarked.