Friday, 7 August 2015

Kerry says Pacific trade pact must stay on track

U.S. Secretary of State John Kerry expressed the need to forge ahead to "finish the job" on an ambitious Trans-Pacific Partnership (TPP) during a meeting with Vietnam's president on Friday, a week after lengthy talks in Hawaii ended with no deal.

Pacific Rim trade ministers failed to strike an agreement last week to free up trade between a dozen nations after disputes on issues ranging from autos and dairy trade to monopoly periods for next-generation drugs.

"One of the very important things now is for us to be able to stay where we are on the TPP negotiations, not to slide backwards, but to finish that job in which Vietnam is very much an important contributor to," Kerry told President Truong Tan Sang in Hanoi.

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