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Pacific Trade Talks Progress but Gap Remains Between U.S., Japan

Posted October 27, 2014

Under Economic Issues, International Trade Issues

(Matt Siegel – Reuters)

Negotiations for an ambitious trade pact among Pacific countries made significant progress over the weekend but there is still a gap between Japan and the United States over market access and other hurdles, trade representatives said on Monday. [...]

But while all sides hailed the progress made during the latest round of talks, no breakthrough was forthcoming on the thorniest questions.

“There is no prospect for an agreement on market access (between Japan and the United States) at the moment,” Japanese Economics Minister Akira Amari told a news conference in Sydney. Read more here.