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U.S.-led Pacific trade pact (TPP) misses 2013 deadline for agreement
http://www.rawstory.com/rs/2013/12/10/us-led-pacific-trade-pact-tpp-misses-2013-deadline-for-agreement/
U.S.-led Pacific trade pact (TPP) misses 2013 deadline for agreement
By Agence France-Presse
Tuesday, December 10, 2013 8:34 EST
Talks on forming a huge US-led Pacific free trade area will resume next month after the 12 prospective members Tuesday gave up on meeting Washington’s year-end deadline for a deal.
US Trade Representative Michael Froman and his counterparts said they made “substantial progress” after four days of talks in Singapore on the proposed Trans-Pacific Partnership (TPP) but failed to resolve all issues.
“We have decided to continue our intensive work in the coming weeks toward such an agreement,” Froman said, reading a joint statement by the trade ministers.
~snip~
Jamie Choi, campaign director of global advocacy group Avaaz, said: “The US was hellbent on sealing the super-secretive deal this week, but people across the world have blown these talks open, and we’re seeing countries standing strong for what their citizens want.”