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Australia walks away from Trans-Pacific Partnership trade deal talks
http://www.theguardian.com/business/2015/aug/01/australia-walks-away-from-trans-pacific-partnership-trade-deal-talksThe trade minister, Andrew Robb, says 98% of agreement is finalised but the difficulties lie with the big four economies of US Canada, Japan and Mexico
Australia walks away from Trans-Pacific Partnership trade deal talks
Australian Associated Press and Reuters
Friday 31 July 2015 23.03 EDT
The world’s biggest regional trade deal – Trans-Pacific Partnership (TPP) – is still within reach despite Australia walking away empty-handed from the latest talks, the federal government says.
The trade minister, Andrew Robb, confirmed that a conclusion was not be reached on the $200bn deal during the latest round of negotiations in Hawaii.
“Australia had made some excellent progress but unfortunately some difficult issues were not resolved,” he said on Saturday.
Robb has laid the blame for the failure to come to an agreement with the “big four” economies of the US, Canada, Japan and Mexico. “The sad thing is, 98% is concluded,” he said.
