US-led Pacific trade zone talks end without deal

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Associated Press

Posted on December 10, 2013 at 6:00 AM

Updated Tuesday, Dec 10 at 6:02 AM

SINGAPORE (AP) — The United States and 11 other nations negotiating a free trade zone stretching from Chile to Japan have failed to reach a final agreement at talks in Singapore.

The U.S.-led deal is a major part of President Barack Obama's foreign policy shift toward Asia but has been snagged by disagreements between countries on market access, environmental protections and intellectual property.

Washington had said it hoped the trade agreement would be completed by the end of the year.

After four days of meetings in Singapore, ministers issued a statement Tuesday saying that "substantial progress" had been made on finalizing the Trans-Pacific Partnership.

It said talks would continue next month.

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