Arab Today, arab today tpp trade talks head into monday
Last Updated : GMT 10:54:50
Arab Today, arab today
Arab Today, arab today

TPP trade talks head into Monday

Arab Today, arab today

Arab Today, arab today TPP trade talks head into Monday

Japan's Economy Minister Akira Amari
Atlanta - AFP

Talks on the ambitious Pacific free-trade treaty were extended again to Monday as they remained bogged down especially in differences over international dairy trade.

A US trade official said plans for a press conference expected to announce a deal on the 12-nation talks late Sunday were cancelled, though he gave no reason.

The official said nearly all outstanding issues had been dealt with, and that the negotiators were just completing details and reviewing the lengthy draft pact.

But various people close to the talks said New Zealand's demands for greater market access in a number of countries continued to slow progress in the final negotiations.

Trade ministers and other top officials from the 12 countries have been negotiating around the clock since Wednesday hoping to close the deal on the Trans-Pacific Partnership, which would be the world's largest free-trade zone.

Earlier in the day, Japan's Economy Minister Akira Amari said he was expecting a deal "in principle" to be announced Sunday afternoon.

Amari told Japanese journalists that there had been "major progress" Sunday morning and that a solution had been found to the main road block to a deal, how to protect developers of biologic drugs, which saw the United States and Australia sharply divided on the issue.

"We are making preparations now to announce a deal in principle this afternoon," he said, according to a translation of his remarks supplied by Japanese journalists.

The administration of President Barack Obama, the prime driver behind the TPP, wants it to create a foundation for "21st century trade rules," setting standards on trade, investment, data flows and intellectual property that eventually non-TPP members -- particularly China -- will have to accept.

Earlier there were signs that a compromise had been reached between the United States and Washington on one of the key final issues, how many years of patent protection should be given producers of biologics, a cutting-edge new class of drugs.  

The details of the compromise remained unclear; the US had been pushing eight years of protection while Australia insisted on five years.

According to the official, Peru and Chile, which had also opposed the US stance over biologics, had accepted the compromise.

But another hot issue of liberalizing trade in dairy products -- which would benefit New Zealand the most -- remained unresolved.

New Zealand, Australia and the United States have been pushing hard for protected markets like Japan, Mexico and Canada to open up.

But in each the issue remains a sensitive political issue, especially in Canada which will hold a national election on October 16.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tpp trade talks head into monday Arab Today, arab today tpp trade talks head into monday

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tpp trade talks head into monday Arab Today, arab today tpp trade talks head into monday

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday