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Pacific trade talks fail to clinch TPP deal

People pass an advertisement protesting the Trans-Pacific Partnership (TPP) in Washington, DC on July 23, 2015Delegates negotiating a vast Pacific free-trade agreement have failed to reach a final deal after several days of intense talks in Hawaii, dealing a setback to US President Barack Obama. The delay complicates his efforts this year to secure the historic accord, which risks becoming dragged into the 2016 presidential election debate. US Trade Representative Michael Froman, in a statement late Friday on behalf of the 12 countries involved in the talks on the island of Maui, insisted that significant progress had been made on the Trans-Pacific Partnership (TPP) agreement, the most ambitious trade deal in decades.

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