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)

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.