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U.S. Trade Representative Robert Lighthizer said on Wednesday there was no deadline for completing NAFTA trade talks between the United States, Canada and Mexico even as lawmakers warned that U.S. business would be hurt by prolonged negotiations.

"There is no deadline. My hope is that we can get it done by the end of the year, but there are a lot of people who think that is completely unrealistic," Lighthizer told a Senate Finance Committee hearing to discuss the USTR's budget. He said reaching a NAFTA deal by year-end was a "very, very quick timeframe (and) we're not going to have a bad agreement to save time."

Under U.S. law, Lighthizer, a veteran trade lawyer, will be the principal U.S. negotiator on NAFTA, although U.S. Commerce Secretary Wilbur Ross will have a major role.


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Trade Representative Says NAFTA Talks Are Going To Take A While To Sort Out

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