The Trans-Pacific Partnership negotiations will have to continue with the 12 countries failing to reach a final agreement in Hawaii. The negotiations fell short of reaching a final deal that would cover 40% of the world’s economy.
There are a number of key issues that still needs to be resolved including dairy, sugar, autos and patent protection for pharmaceuticals. The 12 trade ministers said, “We have made significant progress and will continue work on resolving a limited number of remaining issues, paving the way for the conclusion of the Trans-Pacific Partnership negotiations. Ministers and negotiators leave Hawaii committed to build on the momentum of this meeting by staying in close contact as negotiators continue their intensive engagement to find common ground. Negotiators will also continue to work to formalize the achievements that have been made this week. In this last stage of negotiations, we are more confident than ever that TPP is within reach and will support jobs and economic growth.”