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Asia

Obama leaves Japan after failing to agree key trade pact

US president is unable to strike deal with Tokyo thought to be key to Trans-Pacific Partnership, with Japanese minister admitting 'gaps' remain

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In terms of the US agenda, the US-Japan summit was a failure. Photo: AFP
Kristine Kwok

Barack Obama and his negotiators had to leave Japan empty-handed yesterday after failing to strike a trade deal with Tokyo thought to be key to Washington's Asian "pivot".

As the US president continues his Asia tour today in South Korea and Malaysia, analysts said his first stop was "a failure" in terms of the White House agenda.

But his Japanese counterpart, Shinzo Abe, was celebrating a success by winning America's security backing.

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US officials tried to put a positive spin on the trade talks, by claiming a "breakthrough".

A senior US official said: "There are still details to be worked out … much work to be done ... [but] we believe we do have a breakthrough in our bilateral negotiations."

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In a joint statement released yesterday, the US and Japan said they were committed to taking "bold steps" to reach a deal that would inject momentum into a delayed 12-nation Trans-Pacific Partnership (TPP) trade pact.

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