Government sees Pacific trade pact talks taking time

Negotiations on a trade pact between a dozen countries around the Pacific Rim will take whatever time they need as the deal has to be both ambitious and comprehensive, U.S. trade representative Michael Froman said on Saturday. The U.S.-backed deal, which Washington had wanted to conclude this year, aims to establish a free-trade bloc stretching from Vietnam to Chile and Japan, encompassing about 800 million people and almost 40 percent of the global economy. But differences over farm tariffs between the United States and Japan have proved to be one of the major roadblocks and it will now not be finalized this year.

    

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