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General News    H3'ed 8/4/15

Trans-Pacific Partnership Delegates Fail to Reach Final Deal

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Message James Quandy

The talks were halted after a dispute flared between Japan and North America over autos, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs.

Australian Trade Minister Andrew Robb had earlier said the Trans Pacific Partnership (TPP) was 98 per cent complete.

Mr Robb is in Maui with trade ministers from the 12 nations negotiating the TPP, which would stretch from Japan to Chile and cover 40 per cent of the world economy.

The minister said the problem lay with the 'big four' economies of the United States, Canada, Japan and Mexico.


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