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OTTAWA — Canada may have to pare back some of its more protectionist trade policies in order to successfully navigate negotiations over the North American Free Trade Agreement, a report released Tuesday says.

Analysts at policy think tank Fraser Institute said Canada may encounter resistance on issues such as protecting the dairy industry, limits on foreign investment in the finance and telecommunications sectors, and certain intellectual property (IP) provisions. Such snags could cause delays in broader negotiations, the report said.

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Steven Globerman, a senior fellow at the Fraser Institute who wrote the report, said officials may be overly optimistic about the U.S. government’s willingness to ignore some of its main concerns with the current deal. NAFTA negotiations are scheduled to begin Wednesday.

“I think there’s almost a feeling of complacency that somehow the three parties are going to find a way,” said Steven Globerman, a senior fellow at the Fraser Institute who wrote the report.