TRADE-TPP/PLENARY Members of the TPP hold meeting in Hawaii

Record ID: 145881

  • Title: TRADE-TPP/PLENARY Members of the TPP hold meeting in Hawaii
  • Date: 29th July 2015
  • Summary: LAHAINA, MAUI, HAWAII, UNITED STATES (JULY 28, 2015) (REUTERS) ****WARNING CONTAINS FLASH PHOTOGRAPHY*** DELEGATES FROM THE TWELVE MEMBERS OF TRANS-PACIFIC PARTNERSHIP HOLDING PLENARY MEETING (SOUNDBITE) (English) UNITED STATES TRADE REPRESENTATIVE, MICHAEL FROMAN, SAYING: "And they (the negotiating delegates) have made very good progress in terms of narrowing differences
  • Embargoed: 13th August 2015 13:00
  • Keywords:
  • Topics: General
  • Reuters ID: LVA3SAFC97YN7L1TQ7SSJP6OAOGK
  • Aspect Ratio: 16:9
  • Story Text: EDITORS PLEASE NOTE: AUDIO QUALITY AS INCOMING
    Pacific Rim officials met in Hawaii on Tuesday (July 28) for talks that could make or break an ambitious trade deal, which aims to boost growth and set common standards across a dozen economies ranging from the United States to Brunei.
    The talks are scheduled to run through July 31 on the island of Maui, with high hopes of a pact to conclude the Trans-Pacific Partnership (TPP), the most sweeping trade deal in a generation and a legacy-defining achievement for U.S. President Barack Obama.
    But although officials in Maui said the mood was optimistic, the toughest issues have been left until last, including monopoly periods for new life-saving medicines and preferential treatment for state-owned companies, besides more traditional issues such as allowing more competition in protected markets.
    "There are still of course tough political issues that remain to be resolved and as anyone who has every been involved in trade negotiations knows, those final decisions are always the most difficult," U.S. Trade Representative Michael Froman told the meeting.
  • Copyright Holder: REUTERS
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