Pacific Rim trade ministers wrapping up wide-ranging trade agreement talks at Hawaii resort

Published July 31, 2015
Associated Press

Ministers from a dozen Pacific Rim nations meeting at a Hawaii resort are wrapping up four days of talks on the establishment of a new trade agreement that would cover nearly 40 percent of the global economy.

The wide-ranging Trans-Pacific Partnership negotiations are addressing tariffs on autos, rice and dairy products, as well as intellectual property protections for pharmaceuticals.

The talks have also covered establishing environmental protections for participant nations, which range from developing countries like Vietnam to industrial powers like Japan.

The Obama administration says a pact would boost U.S. economic growth and help keep high-quality jobs in the country by increasing exports.

Ministers from the 12 countries are scheduled to hold a news conference later Friday.