- From: News Corp Australia Network
- 2 hours ago August 01, 2015
No Deal ... Australia has walked away from the TPP after the current round of talks. Source: News Limited
AUSTRALIA will not sign up to the trans-Pacific partnership trade deal in the current round of talks.
A spokesman for Trade Minister Andrew Robb confirmed that a conclusion will not be reached on the $200 billion deal during the latest round of negotiations.
“Australia had made some excellent progress but unfortunately some difficult issues were not resolved,” he said in a statement to AAP on Saturday.
Trade Minister Andrew Robb ... TPP talks have produced progress but no agreement. Picture: AP Photo/Rob Griffith Source: AP
Mr Robb said Australia had made progress on sugar and dairy, but discussions were yet to be finalised.
He rejected suggestions he’d negotiated trade-offs on intellectual property in return for market access.
“You are looking for a balance,” the minister told reporters in Lahaina, Hawaii
