Australia walks away on TPP deal for now

Australia will not sign up to the trans-Pacific partnership trade deal in the current round of talks.

Ministers from 12 Pacific Rim countries negotiating on the proposed Trans-Pacific Partnership free trade deal line up for a photo. (AAP)

1 min read

Published 1 August 2015 10:08am

Updated 1 August 2015 12:02pm

Source: Reuters

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A spokesman for Trade Minister Andrew Robb confirmed that a conclusion will not be reached on the $200 billion deal during the latest round of negotiations.

"Australia had made some excellent progress but unfortunately some difficult issues were not resolved," he said in a statement to AAP on Saturday.

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