Access to cheaper drugs in other countries may be limited by a provision sought by the U.S. in a Pacific trade deal, according to patent specialists who reviewed a document exposed by the WikiLeaks anti-secrecy group.
Negotiators for nine nations working towards a Pacific-region trade pact made “significant progress” in areas including customs, telecommunications, cross-border services and government procurement, a U.S. official said as the latest round of talks ended.
World Bank President Robert Zoellick criticized President Barack Obama’s administration for failing to provide leadership in the Doha round of trade talks and adopting a defensive stance that helped stall discussions.
Senate Finance Committee Chairman Max Baucus said he will support a pending free-trade agreement with South Korea after the Obama administration said it will pursue talks with the Asian nation on beef sales.
The Obama administration is engaged in preliminary talks with the European Union and China to settle a dispute over trade in solar-energy equipment and avoid a conflict among the world’s largest economies, according to people familiar with the discussions.
Canada, the largest U.S. trading partner, will be invited to join nine nations negotiating a Pacific-region trade agreement, after Mexico received a similar offer, three people familiar with the matter said.
Colombian President Juan Manuel Santos said the government is willing to take steps to expand labor protections, an action the Obama administration has requested before sending a free-trade agreement to Congress.