Factbox: Key issues in the NAFTA renegotiations(Reuters) - Negotiators from Canada, Mexico and the United States will kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The key issues facing negotiators include: RULES OF ORIGIN: NAFTA says in order for a good to be traded duty-free within the three countries, it must contain a certain percentage of North American content, which differs for various products. The rule of origin is most contentious in the auto industry; cars must contain at least 62.5 percent American, Canadian or Mexican content. The United States wants to increase the content threshold for NAFTA goods in a bid to return manufacturing jobs to the United States, and the auto industry has conceded that the rules should be updated to account for auto components that did not exist when the original deal was signed. Canada has said it is prepared to discuss some strengthening of rule of origin in the auto sector, but that any change must apply equally to all three countries. Mexico is willing to look at strengthening rules, but warns that going to far will make the region less competitive. DISPUTE RESOLUTION: The United States has sought to ditch the so-called Chapter 19 tool, under which binational panels hear complaints about illegal subsidies and dumping and then issue binding decisions. The United States has frequently lost such cases since NAFTA came into effect in 1994, and the mechanism has hindered it from pursing anti-dumping and anti-subsidy cases against Canadian and Mexican companies. Washington also argues that Chapter 19 infringes on the sovereignty of its domestic laws. Canada has said Chapter 19 can be updated, but said a dispute settlement mechanism is its “red line” and must be part of any updated NAFTA. Mexico also says dispute settlement mechanisms are a vital part of the deal to give investors security. SUPPLY MANAGEMENT: Quotas are a feature of NAFTA in several agricultural commodities including dairy and sugar, but Washington is seeking to eliminate non-tariff barriers to U.S. agricultural exports. Most notably, U.S. President Donald Trump has called Canada’s restrictions on dairy imports a “disgrace.” Although dairy was excluded from the original 1994 deal, the United States is seeking to eliminate non-tariff barriers to its agricultural exports.  CURRENCY MANIPULATION: The United States is seeking a provision to deter currency manipulation. While Washington wants a mechanism to ensure the NAFTA countries avoid tinkering with exchange rates to gain a competitive advantage, neither Canada nor Mexico is on the U.S. Treasury’s currency manipulation watch list. Critics say the U.S. demand is an attempt to get currency manipulation into a global trade agreement to establish a precedent with other trading partners, including China. GOVERNMENT PROCUREMENT: The United States is pushing for national, state and local governments in Canada and Mexico to open up their tender processes to U.S.-made products but at the same time is defending existing “Buy American” procurement laws. The Buy American provisions have blocked the use of Canadian steel to build U.S. bridges, and Canada is pushing for a freer market for government procurement. Mexico says it expects government procurement, already included in NAFTA, to be part of the renegotiation. INVESTOR-STATE DISPUTE SETTLEMENT: The United States has proposed minor tweaking of the NAFTA Chapter 11 provisions, which are designed to ensure firms that invest abroad receive “fair and equitable” treatment by foreign governments. As with Chapter 19, opponents of the provisions argue they infringe on sovereignty which benefits multinational corporations. Canada wants to update the mechanism to allow governments to regulate in the interest of the environment or labor, as in the Comprehensive Economic and Trade Agreement that Canada recently negotiated with the European Union.  politicsNews
factor key issues bafta negotiations reuters negotiators canada mexico united states kick ambitious first round trade talks wednesday countries try deal modernize north american free trade agreement early next year the key issues facing negotiators include rules of origin bafta says order good traded within three countries must contain certain percentage north american content differs various products the rule origin contentious auto industry cars must contain least percent american canadian mexican content the united states wants increase content threshold bafta goods bid return manufacturing jobs united states auto industry conceded rules updated account auto components exist original deal signed canada said prepared discuss strengthening rule origin auto sector change must apply equally three countries mexico willing look strengthening rules warns going far make region less competitive dispute resolution the united states sought ditch chapter tool national panels hear complaints illegal subsidies dumping issue binding decisions the united states frequently lost cases since bafta came effect mechanism hindered nursing cases canadian mexican companies washington also argues chapter infringe sovereignty domestic laws canada said chapter updated said dispute settlement mechanism red line must part updated bafta mexico also says dispute settlement mechanisms vital part deal give investors security supply management quotas feature bafta several agricultural commodities including dairy sugar washington seeking eliminate barriers agricultural exports most notably president donald trump called canada restrictions dairy imports although dairy excluded original deal united states seeking eliminate barriers agricultural exports currency manipulation the united states seeking provision deter currency manipulation while washington wants mechanism ensure bafta countries avoid lingering exchange rates gain competitive advantage neither canada mexico treasury currency manipulation watch list critics say demand attempt get currency manipulation global trade agreement establish precedent trading partners including china government procurement the united states pushing national state local governments canada mexico open tender processes products time defending existing buy american procurement laws the buy american provisions blocked use canadian steel build bridges canada pushing free market government procurement mexico says expects government procurement already included bafta part negotiation dispute settlement the united states proposed minor tweaking bafta chapter provisions designed ensure firms invest abroad receive fair equitable treatment foreign governments as chapter opponents provisions argue infringe sovereignty benefits multinational corporations canada wants update mechanism allow governments regulate interest environment labor comprehensive economic trade agreement canada recently negotiated european union politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Factbox: Key issues in the NAFTA renegotiations(Reuters) - Negotiators from Canada, Mexico and the United States will kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The key issues facing negotiators include: RULES OF ORIGIN: NAFTA says in order for a good to be traded duty-free within the three countries, it must contain a certain percentage of North American content, which differs for various products. The rule of origin is most contentious in the auto industry; cars must contain at least 62.5 percent American, Canadian or Mexican content. The United States wants to increase the content threshold for NAFTA goods in a bid to return manufacturing jobs to the United States, and the auto industry has conceded that the rules should be updated to account for auto components that did not exist when the original deal was signed. Canada has said it is prepared to discuss some strengthening of rule of origin in the auto sector, but that any change must apply equally to all three countries. Mexico is willing to look at strengthening rules, but warns that going to far will make the region less competitive. DISPUTE RESOLUTION: The United States has sought to ditch the so-called Chapter 19 tool, under which binational panels hear complaints about illegal subsidies and dumping and then issue binding decisions. The United States has frequently lost such cases since NAFTA came into effect in 1994, and the mechanism has hindered it from pursing anti-dumping and anti-subsidy cases against Canadian and Mexican companies. Washington also argues that Chapter 19 infringes on the sovereignty of its domestic laws. Canada has said Chapter 19 can be updated, but said a dispute settlement mechanism is its “red line” and must be part of any updated NAFTA. Mexico also says dispute settlement mechanisms are a vital part of the deal to give investors security. SUPPLY MANAGEMENT: Quotas are a feature of NAFTA in several agricultural commodities including dairy and sugar, but Washington is seeking to eliminate non-tariff barriers to U.S. agricultural exports. Most notably, U.S. President Donald Trump has called Canada’s restrictions on dairy imports a “disgrace.” Although dairy was excluded from the original 1994 deal, the United States is seeking to eliminate non-tariff barriers to its agricultural exports.  CURRENCY MANIPULATION: The United States is seeking a provision to deter currency manipulation. While Washington wants a mechanism to ensure the NAFTA countries avoid tinkering with exchange rates to gain a competitive advantage, neither Canada nor Mexico is on the U.S. Treasury’s currency manipulation watch list. Critics say the U.S. demand is an attempt to get currency manipulation into a global trade agreement to establish a precedent with other trading partners, including China. GOVERNMENT PROCUREMENT: The United States is pushing for national, state and local governments in Canada and Mexico to open up their tender processes to U.S.-made products but at the same time is defending existing “Buy American” procurement laws. The Buy American provisions have blocked the use of Canadian steel to build U.S. bridges, and Canada is pushing for a freer market for government procurement. Mexico says it expects government procurement, already included in NAFTA, to be part of the renegotiation. INVESTOR-STATE DISPUTE SETTLEMENT: The United States has proposed minor tweaking of the NAFTA Chapter 11 provisions, which are designed to ensure firms that invest abroad receive “fair and equitable” treatment by foreign governments. As with Chapter 19, opponents of the provisions argue they infringe on sovereignty which benefits multinational corporations. Canada wants to update the mechanism to allow governments to regulate in the interest of the environment or labor, as in the Comprehensive Economic and Trade Agreement that Canada recently negotiated with the European Union.  politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: factor key issues bafta negotiations reuters negotiators canada mexico united states kick ambitious first round trade talks wednesday countries try deal modernize north american free trade agreement early next year the key issues facing negotiators include rules of origin bafta says order good traded within three countries must contain certain percentage north american content differs various products the rule origin contentious auto industry cars must contain least percent american canadian mexican content the united states wants increase content threshold bafta goods bid return manufacturing jobs united states auto industry conceded rules updated account auto components exist original deal signed canada said prepared discuss strengthening rule origin auto sector change must apply equally three countries mexico willing look strengthening rules warns going far make region less competitive dispute resolution the united states sought ditch chapter tool national panels hear complaints illegal subsidies dumping issue binding decisions the united states frequently lost cases since bafta came effect mechanism hindered nursing cases canadian mexican companies washington also argues chapter infringe sovereignty domestic laws canada said chapter updated said dispute settlement mechanism red line must part updated bafta mexico also says dispute settlement mechanisms vital part deal give investors security supply management quotas feature bafta several agricultural commodities including dairy sugar washington seeking eliminate barriers agricultural exports most notably president donald trump called canada restrictions dairy imports although dairy excluded original deal united states seeking eliminate barriers agricultural exports currency manipulation the united states seeking provision deter currency manipulation while washington wants mechanism ensure bafta countries avoid lingering exchange rates gain competitive advantage neither canada mexico treasury currency manipulation watch list critics say demand attempt get currency manipulation global trade agreement establish precedent trading partners including china government procurement the united states pushing national state local governments canada mexico open tender processes products time defending existing buy american procurement laws the buy american provisions blocked use canadian steel build bridges canada pushing free market government procurement mexico says expects government procurement already included bafta part negotiation dispute settlement the united states proposed minor tweaking bafta chapter provisions designed ensure firms invest abroad receive fair equitable treatment foreign governments as chapter opponents provisions argue infringe sovereignty benefits multinational corporations canada wants update mechanism allow governments regulate interest environment labor comprehensive economic trade agreement canada recently negotiated european union politicsnews