Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Shuttle astronauts arrive at Cape Canaveral
Shuttle astronauts arrive at Cape Canaveral - 01:18
Waiting for Bernanke
Waiting for Bernanke - 01:51
Thousands at Sai Baba funeral
Thousands at Sai Baba funeral - 01:03
Al Qaeda releases hostage messages
Al Qaeda releases hostage messages - 01:43
Obama calls birth controversy \
Obama calls birth controversy "distracting" - 05:29
Protests intensify in Yemen
Protests intensify in Yemen - 01:24
Border clashes displace thousands
Border clashes displace thousands - 01:50
Time magazine salutes their 100 most influential
Time magazine salutes their 100 most influential - 01:39
Tank convoy seen near Damascus
Tank convoy seen near Damascus - 00:53
U.S. says Libyan opposition deserves support
U.S. says Libyan opposition deserves support - 01:33
Deadly clashes in Sanaa, Yemen
Deadly clashes in Sanaa, Yemen - 01:11
Mega gas field find in Bolivia
Mega gas field find in Bolivia - 01:22

Pacific Rim trade talks end with no deal

Saturday, August 01, 2015 - 01:14

Talks on the Trans-Pacific Partnership fail to reach agreement but delegates say negotiations will continue. Paul Chapman reports.

▲ Hide Transcript

▶ View Transcript

The Hawaiian island of Maui's getting back to normal after the tide of delegates who swept in to finalise a Pacific Rim trade deal left without one. Completion of the Trans-Pacific Partnership free trade agreement foundered on disagreements over issues like pharmaceutical patents, dairy exports and the motor trade. But U.S. Trade Representative Michael Froman says the 12 nations came close and won't give up now. (SOUNDBITE)(English) U.S. TRADE REPRESENTATIVE MICHAEL FROMAN SAYING: "After more than a week of productive meetings we've made significant progress and will continue to work on resolving a limited number of remaining issues, paving the way for the conclusion of the Trans-Pacific Partnership negotiations." The TPP would stretch from Japan to Chile and cover 12 nations representing 40 per cent of the world economy. Failure to seal the agreement is a setback for U.S. President Barack Obama. The pact is seen as the economic arm of the administration's pivot to Asia and an opportunity to balance out China's influence in the region. The Maui talks were billed as the last chance to get a deal in time to pass the U.S. Congress this year, before 2016 presidential elections muddy the waters.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Pacific Rim trade talks end with no deal

Saturday, August 01, 2015 - 01:14