Arab Today, arab today transpacific partnership trade talks fail to reach final deal
Last Updated : GMT 06:43:35
Arab Today, arab today
Arab Today, arab today

Trans-Pacific Partnership trade talks fail to reach final deal

Arab Today, arab today

Arab Today, arab today Trans-Pacific Partnership trade talks fail to reach final deal

Trans-Pacific Partnership trade talks
Maui - XINHUA

As differences on outstanding issues remain, the United States and 11 other economies participating in the Trans-Pacific Partnership (TPP) negotiations failed to reach a final deal on the TPP Friday after wrapping up a four-day ministerial meeting.

"We have made significant progress" during this week's meeting, but there are still "a limited number" of difficult issues remaining to be resolved, U.S. Trade Representative Michael Froman said Friday at a closing press conference.

"Ministers and negotiators leave Hawaii committed to build on the momentum of this meeting by staying in close contact as negotiators continue their intensive engagement to find common ground," Fromam said, adding that "we are more confident than ever that TPP is within reach".

Optimism has grown in recent weeks that this week's meeting could be the final round of negotiations on the broad TPP agreement after U.S. Congress granted the trade promotion authority, also known as the fast-track authority, to President Barack Obama.

That trade authority would allow the U.S. president to submit trade deals to Congress for an up-or-down vote without amendments, which is crucial for the swift congressional consideration of a TPP deal.

But this week's intensive negotiations were more difficult than people had expected, with key discrepancies in the areas of market access and intellectual property rights further postponing the finalization of the ambitious Asia-Pacific trade deal.

Froman said trade ministers will continue to engage in the coming period, but there's not an exact date set for the next round of negotiations.

The TPP, believed to be the world's biggest trade agreement in the past two decades that covers about 40 percent of global economic output, is central to the Obama administration's policy of advancing economic engagement in Asia and writing the rules for international trade and investment in the 21st century.

President Barack Obama is under pressure to seal the deal and get it passed in Congress as soon as possible, securing his trade legacy before the 2016 U.S. presidential campaign heats up.

The TPP talks involve Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.

Related:

Interview: TPP without China would be "a failed agreement"

MAUI, the United States, July 31 (Xinhua) -- U.S. experts say that the Trans-Pacific Partnership (TPP) trade deal involving 12 countries in the Asia Pacific region would be "a failed agreement" without China's participation.

"China is the largest economy in Asia, we need it to be part of the TPP," Tami Overby, the U.S. Chamber of Commerce's senior vice president for Asia, told Xinhua in an interview on the sidelines of the four-day TPP ministerial meeting held here with the aim of substantially concluding the ambitious Asia-Pacific trade talks.

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 transpacific partnership trade talks fail to reach final deal Arab Today, arab today transpacific partnership trade talks fail to reach final deal

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience

GMT 10:43 2017 Wednesday ,22 March

Bags carry Hermes to record profit

GMT 09:49 2017 Wednesday ,22 March

Khamenei fleshes out 'Made in Iran' vision

GMT 08:46 2017 Wednesday ,22 March

Cooperation with specialised British companies hailed

GMT 07:35 2017 Wednesday ,22 March

David Rockefeller Dies at Age 101
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
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