RPT-UPDATE 2-No end in sight yet for Trans-Pacific trade pact

Wed, 26 Feb - 4:33am
 (Repeats without change to text) 
    * Tariffs, market access prove difficult issues in talks 
    * No time frame for next meeting to secure trade pact 
    * No breakthrough in Japan-U.S. differences over import 
tariffs 
 
 (Adds details on Japan, Froman quote from conference call) 
    By Rachel Armstrong and Masayuki Kitano 
    SINGAPORE, Feb 25 (Reuters) - Ministers in 12-nation 
Trans-Pacific trade talks said on Tuesday they had yet to reach 
agreement on tariffs and other market access issues, with the 
timing of a completed deal looking increasingly unclear.  
    Ministers said they had made significant progress during 
four days of meetings in Singapore, but the talks ended with no 
clear indication of a time frame to clinch the TPP 
(Trans-Pacific Partnership) agreements.  
    "Market access is in some respects the heart and soul of any 
trade agreement so until that's done, we don't have an 
agreement," New Zealand Trade Minister, Tim Groser told a news 
conference after the talks.  
    The U.S.-backed deal aims to cut tariffs and set common 
standards on other trade issues across a dozen countries that 
cover almost 40 percent of the global economy.    
    Long-running differences on tariffs on imported goods, 
particularly between the United States and Japan, which is keen 
to protect sensitive products such as rice, meat and wheat, are 
proving difficult to overcome.    
    Two sets of meetings between the Japanese and U.S. 
delegations during the talks produced no breakthrough. U.S. 
Trade Representative Michael Froman said market access for 
agriculture in Japan remained a "significant" issue but played 
down the idea that TPP talks might proceed without Japan, the 
second-biggest economy in the bloc.    
    "All the countries around the table are focused on trying to 
get that deal done with all 12 countries as part of it," he told 
reporters on a conference call.     
    Sticking points over intellectual property and the rules for 
state-owned enterprises and government procurement are also 
proving difficult.      
    "If you ask whether all outstanding issues have been 
resolved, it is also a common recognition that they still 
remain," Japan's Economics Minister Akira Amari said ahead of 
the final part of the talks. 
    Malaysia's International Trade and Industry Minister, 
Mustapa Mohamed, said participants were all showing flexibility, 
but some issues were tough to move on. 
    "There are things which can be done, there are others which 
cannot be done and we've been telling our partners what is 
doable and what is not doable," he said.  
     
    NO DATE IN THE DIARY 
    There had been expectations that the deal could be concluded 
in time for U.S. President Barack Obama's visit to Asia in 
April. It is unclear, however, whether ministers will meet again 
before the trip.  
    "We've made no further plans at this point in terms of the 
next meetings," Froman said.  
    Another issue is whether the U.S. government will be able to 
establish the so-called Trade Promotion Authority (TPA), which 
will deny U.S. lawmakers the opportunity to amend the TPP 
agreement.  
    Obama has faced opposition from his own Democratic Party 
over the matter, while other participating countries are said to 
be worried that, without the TPA, Congress could make major 
changes to any deal they come up with.    
    Ministers said TPA had not been discussed during the meeting 
as it was a domestic U.S. political issue.  
    Expectations that other countries may soon join the talks -  
Taiwan and South Korea have both expressed interest - were also 
dismissed as premature.   
    "Right now, all of us are focused on closing among the 12 
before we consider taking additional members," said Froman.  
    The full list of countries participating in the talks are  
the United States, Canada, Japan, Australia, New Zealand, 
Singapore, Malaysia, Brunei, Vietnam, Chile, Mexico and Peru. 
 
 (Reporting by Rachel Armstrong and Masayuki Kitano; Additional 
reporting by Krista Hughes in Washington; Editing by Paul Tait, 
Ron Popeski and Sofina Mirza-Reid) 
 ((rachel.armstrong@thomsonreuters.com)(+65 64035665)(Reuters 
Messaging: rachel.armstrong.thomsonreuters.com@reuters.net)) 
 
Keywords: TRADE PACIFIC/TPP  
     
URN: 
urn:newsml:reuters.com:20140225:nL3N0LU4H6:2
Topics: 
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