• Ministers from 12 nations negotiating a Pacific Rim trade pact hold a news conference in Lahaina, Hawaii, Friday, July 31, 2015, saying they made significant progress in reaching an agreement. The ministers, from left, are Australia Minister for Trade and Investment Andrew Robb, Brunei Second Minister for Foreign Affairs and Trade Lim Jock Seng, Canada Minister of International Trade Ed Fast, Chile Director General of International Relations Andres Rebolledo, Japan Economic and Fiscal Policy Minister Akira Amari, U.S. Trade Representative Michael Froman, Malaysia Minister of International Trade and Industry Mustapa Mohamed, Mexico Secretary of the Economy Ildefonso Guajardo Villarreal, New Zealand Minister of Trade Tim Groser, Peru Minister of Foreign Trade and Tourism  Magali Silva and Singapore Minister for Trade and Industry Hng Kiang Lim.  (AP Photo/Audrey McAvoy)

    Pacific trade ministers fail to reach deal in Hawaii talks

    LAHAINA, Hawaii (AP) — Trade ministers from a dozen Pacific Rim nations failed to reach a deal on a new trade agreement that would cover nearly 40 percent of the global economy, U.S. Trade Representative Michael Froman said Friday.

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