11 December 2018

Pacific free-trade talks end with no deal, paper says

Negotiators for the Trans-Pacific Partnership free-trade agreement failed to reach consensus on Tuesday after four days of talks in Singapore, the Economic Daily News reported Wednesday, citing attending officials. Trade ministers from the United States, Japan and 10 other countries that together account for 40 percent of global GDP, said in a joint statement that they made significant progress during the talks but did not set a deadline for a deal. It said the next round of talks will be in May. Meanwhile, the members said it is still premature to allow Taiwan and South Korea to take part, the report said.

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