Tuesday, 25 February 2014

No end in sight yet for Trans-Pacific trade pact

U.S. Trade Representative Froman speaks during a news conference at the end the TPP Ministerial meeting in Singapore By Rachel Armstrong and Masayuki Kitano SINGAPORE (Reuters) - Ministers in 12-nation Trans-Pacific trade talks said on Tuesday that they had yet to reach agreement on tariffs and other market access issues, with the timing of a completed deal looking increasingly unclear. Ministers stressed that they had made significant progress during four days of meetings in Singapore, but the talks ended with no clear indication of a time frame to clinch the TPP (Trans-Pacific Partnership) agreements. "Market access is in some respects the heart and soul of any trade agreement so until that's done, we don't have an agreement," New Zealand Trade Minister Tim Groser told a news conference after the talks. "If you ask whether all outstanding issues have been resolved, it is also a common recognition that they still remain," Japan's Economics Minister Akira Amari said ahead of the final part of the talks.




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