Pacific trade talks continue

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Pacific trade talks continue

The 12 nations brokering a Pacific-rim trade deal will continue talks as the U.S. and Japan were unable to overcome key differences in advance of a planned visit by President Barack Obama to Japan.

U.S. Trade Representative Michael Froman and Japanese Minister for Economic and Fiscal Policy Akira Amari yesterday concluded talks in Washington on the Trans-Pacific Partnership without striking a deal on some of the most contentious issues.

“After more than 20 hours of negotiations, we continue to make progress,” the U.S. trade office announced yesterday in an unsigned statement. “These issues are important to both sides and considerable differences remain.”

Bloomberg

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