Obama-Abe summit to aid trade talks, not seal deal: U.S. official

Live. Love. Save!

Amari speaks to the media after meetings with Froman in TokyoBy Krista Hughes and Kaori Kaneko WASHINGTON/TOKYO (Reuters) – Next week’s meeting between U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe is a good opportunity to give impetus to Pacific trade negotiations but will not seal a deal, a senior U.S. administration official said on Friday. Talks between the United States and Japan seen as vital to a broader regional trade pact had narrowed to a few critical areas and will resume again on Monday, officials of both countries said, as negotiators hustle to prepare for Thursday’s summit. Breaking a U.S.-Japan deadlock over access to Japan’s farm and auto markets is seen as key to finalising the Trans-Pacific Partnership (TPP), a 12-nation trade bloc that would stretch from Asia to Latin America. When the leaders meet, they are likely to review progress so far on the trade talks and give some impetus to negotiators to move on to the next stage, the senior official said.

Wal-Mart.com USA, LLC OnDeck