Japan US Fail to Clinch Bilateral TPP Deal

9/25/2014 10:28:26 AM

(MENAFN- Qatar News Agency) Washington September 25 (QNA) - Japan and the United States have failed to clinch a much-awaited bilateral agreement seen as crucial for working out a multilateral Pacific Rim free trade deal both sides said.

The lack of progress made by the two largest economies in the so-called Trans-Pacific Partnership initiative clouds the goal proposed by US President Barack Obama of all 12 negotiating members reaching an agreement by November according to Japan's (Kyodo) News Agency.

"We were unable to make further progress on the key outstanding issues" said the Office of the US Trade Representative referring to the agriculture and auto sectors after a two-day meeting between Japanese economy minister Akira Amari and his US counterpart Trade Representative Michael Froman in Washington. (QNA)

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