The U.S., Mexico and Canada ended the first round of talks on anew North American Free Trade Agreement saying they're committed towrapping up the negotiations quickly with a far-reaching deal.

“While a great deal of effort and negotiation will be requiredin the coming months, Canada, Mexico and the United States arecommitted to an accelerated and comprehensive negotiation processthat will upgrade our agreement and establish 21st centurystandards to the benefit of our citizens,” the countries said in astatement Sunday, after five days of discussions in Washington.

The next round of negotiations is scheduled for Sept. 1-5 inMexico, with talks moving to Canada in late September and back tothe U.S. in October. Additional rounds are being planned “for theremainder of the year,” the countries said.

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