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World Trade Organization

Pacific trade ministers fail to reach deal in Hawaii talks

Trade ministers from a dozen Pacific Rim nations failed to reach a deal on a new trade agreement that would cover nearly 40 percent of the global economy, U.S. Trade Representative Michael Froman said Friday. Froman, reading from a statement on behalf of all of the ministers, said the parties made significant progress and agreed to continue their discussions. The countries haven't yet set a date for future talks. Froman said some issues were bilateral in nature, and some will involve groups. "I feel very gratified about the progress that's been made and I am confident that through our continued intensive engagement that we'll be able to tackle the remaining issues...

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