No Breakthrough in US-Japan Trade Deal

World | April 24, 2014, Thursday // 13:12| Views: 680 | Comments: 0
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Bulgaria: No Breakthrough in US-Japan Trade Deal Japanese Prime Minister Shinzo Abe (R) welcomes US President Barack Obama (L) prior to their talks at the Akasaka guesthouse in Tokyo, Japan, 24 April 2014. Photo by EPA/BGNES

The United States and Japan have failed to reach a trade deal during the first day of President Barack Obama's visit to the Asian country.

The two sides were unable to come closer to the crucial Trans-Pacific Partnership trade pact, initiated by Washington, The Japan Times revealed.

Japan's Economy Minister Akira Amari, who is leading the negotiations, said on Thursday that "too many issues remained unresolved" and further talks would be needed. However, neither country has come out with an official statement so far.

President Obama assured Prime Minister Shinzo Abe that the US remains a strong partner of Japan and urged him to take "bold steps" in moving the trade deal forward.

The US head of state will leave Tokyo on Friday. His Far East trip continues with visits to South Korea, Malaysia, and the Philippines.

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Tags: United States, Barack Obama, shinzo abe, Japan, Tokyo, South Korea, Malaysia, Philippines, Trans-Pacific Partnership, trade deal
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