Pacific Trade Talks End With No Deal

High-level efforts to complete a major Pacific trade agreement ended Friday without resolution amid deep differences over trade in dairy and other products. U.S. and other officials had hoped to wrap up the final contours of the 12-nation Trans-Pacific Partnership this week. Officials in a statement said they made “significant progress” and would work further on a deal, without specifying a future meeting. “The sad thing is, it’s 98% concluded,”Australia’s trade minister, Andrew Robb, said as ministers prepared to leave on Friday. U.S. and Canadian officials have quarreled in recent months about ways to use the agreement to open up Canada’s highly protected dairy industry, but the public dispute this week spread to three of the other developed economies negotiating the agreement—Australia, Japan and New Zealand. <more>

July 31, 2015 The Wall Street Journal