2 Aug 2015

Trade minister says NZ couldn't have signed a trade deal

From Sunday Morning, 7:11 am on 2 August 2015

New Zealand's trade minister says there is no way New Zealand could have signed a trade deal at the TPP talks in Hawaii without a proper breakthrough on dairy. Tim Groser's remarks follow the failure by 12 nations representing 40% of the world's economy to reach agreement on a trade deal for a big chunk of the Pacific Rim - in spite of four days of talks and months of preparatory work. Negotiators insist there WAS progress at the talks, but say agreement stalled over intellectual property rights, auto parts and three big agricultural items including the dairy industry.