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Pacific Rim free trade talks go down to the wire

© Reuters. US Trade Rep. Michael Fromam heads a meeting at the TPP in Lahaina, Hawaii

LAHAINA, Hawaii (Reuters) - Talks on a Pacific Rim free-trade pact faced a fast-approaching deadline on Friday as trading partners aimed to wrap up a deal within hours, with issues including trade in dairy products and monopoly periods for next-generation drugs still unresolved.

Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, had a news conference scheduled for...