Japan demands US compromise in trade talks
Reuters
Atlanta
Japan called on the United States to find a way to break a next-generation medicines on Saturday as talks on a sweeping trade pact were extended for another 24 hours.
negotiator have been up all night trying to broker a deal on the 12-nation Trans-Pacific Partnership, which will create a free-trade zone covering 40 per cent of the world economy.
A push by the Unite State to set a longer period of exclusivity for drug marker who develop biological drugs like Genentech's Avastin cancer-treatment has run into opposition from other TPP economies and is holding up a broader deal.
Japan Economy Minister Akira Amari said he had agreed to a US request to stay on in the southern city of Atlanta for another 24 hours, but said the United State had to find a way forward on biologics.