LAHAINA, Hawaii, July 31 (Reuters) – Talks on a Pacific Rim
free-trade pact are unlikely to end in a final deal, sources
involved in the talks said on Friday, with a dispute between
Japan and the United States over autos, New Zealand digging in
over trade in dairy products and no agreement on monopoly
periods for next-generation drugs.
Trade ministers from the 12 nations negotiating the
Trans-Pacific Partnership, which would stretch from Japan to
Chile and cover 40 percent of the world economy, delayed until 4
p.m. local time (10 p.m. ET/0200 GMT) a news conference
originally scheduled for 1:30 p.m. on the Hawaiian island of
LAHAINA, Hawaii (Reuters) – Talks on a Pacific Rim free-trade pact faced a fast-approaching deadline on Friday as trading partners aimed to wrap up a deal within hours, with New Zealand digging in over trade in dairy products and ministers tussling over monopoly periods for next-generation drugs.
Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, delayed until 4 p.m. local time (10 p.m. ET) a news conference originally scheduled for 1:30 p.m. on the Hawaiian island of Maui.
LAHAINA, Hawaii (Reuters) – Japan and the United States have been at odds over many things during Pacific free trade talks but they are united in concern over the deal’s potential impact on their domestic sugar producers.
The 12-nation Trans-Pacific Partnership (TPP) may allow more sugar imports into the United States and Japan. That has brought warnings from U.S. growers about economic devastation and some in Japan go so far as to see a threat to national security.
LAHAINA, Hawaii (Reuters) – Pacific Rim trade ministers neared the final spurt of negotiations on an ambitious free trade pact on Thursday, but differences over farm exports and monopoly periods for next-generation drugs kept them short of an elusive final deal.
Ministers from the 12 countries negotiating the Trans-Pacific Partnership (TPP), which would cut trade barriers and set common standards for 40 percent of the world economy, are meeting in Hawaii to try to hammer out a deal.
LAHAINA, Hawaii, July 29 (Reuters) – Pacific trading
partners are deadlocked over intellectual property protections,
including monopoly periods for next-generation drugs, Japanese
Economy Minister Akira Amari said on Wednesday.
Amari said he saw no sign of the United States backing down
on a demand to protect for 12 years data used to develop
biologic drugs, which are made from living cells.
LAHAINA, Hawaii (Reuters) – Ministers from Pacific Rim nations hoping to finalize an ambitious free trade deal this week warned on Monday that hurdles remained including intellectual property and dairy.
The United States and Japan, the two biggest economies in the talks, are both keen for strong intellectual property protections, such as long copyright periods and data protection for next-generation drugs.
TOKYO (Reuters) – Japan and the United States will hold cabinet-level trade talks from this weekend, but are unlikely to seal a final deal, seen as crucial for a broader trans-Pacific free trade pact, by a summit this month, Japanese Economy Minister Akira Amari said on Friday.
U.S. Trade Representative Michael Froman will discuss farm and car trade when he meets Amari in Tokyo on Sunday and Monday, Amari told reporters.
INAZAWA Japan (Reuters) – Sumo wrestler Osunaarashi was a large, muscular Egyptian teenager with a passion for body building when a friend recommended he try the ancient Japanese sport of sumo. But it was a hard sell.
“This sport is about two elephants pushing each other,” he recalls thinking. “I’m a body builder, man. It’s so ugly for me, I will never do it.”
NEW YORK/TOKYO (Reuters Life!) – Beer, long the preferred beverage at baseball games, is seeing some competition from wine as North American stadiums go up market and increase their beverage offerings.
Wine has been seen as the beverage of choice by the upper classes, while beer and hotdogs have been staple fare at baseball games across the United States.
Mongolian sumo wrestler Harumafuji, the latest loin-clothed giant from his country to make his mark on Japan’s ancient sport, has a unique way of preparing for his bouts – listening to soothing Buddhist sutra music.The method helped the 25-year-old ‘ozeki’ win his first major tournament last month and he is already being tipped to join compatriots Asashoryu and Hakuho at the elite rank of ‘yokozuna’ following his surprise Emperor’s Cup triumph.“It’s good for concentrating,” he told Reuters. “The sutra is a prayer for good health. I listen to it praying not to get injured in bouts.”Harumafuji’s success is all the more surprising when you consider his interests as a young boy growing up in Ulan Bator were “drawing and street fights” while the wrestler admits he found it hard to leave his mother’s apron strings and move to Japan as a 16-year-old sumo apprentice.“I was a bit spoiled and always chasing after my mother,” he said, adding that he had found the rigorous sumo training hard to stomach – literally.Weighing only 70 kg (154 lb) upon arrival in Japan – mosquito-sized in sumo terms – Harumafuji, who had wanted to go to art school, had trouble eating the mountains of food needed in order to bulk up.“I had to keep eating to get big,” said Mongolia’s brightest new star, who now weighs in at 126 kg (278 lb. “I threw up a lot. Then I had to go back and eat more.”Harumafuji can look forward to a bellyful of success.Photo credits: REUTERS/Ami Miyazaki and REUTERS/Kyodo News