After five years of negotiations, Pacific trade talks near deal

October 5, 2015 12:48 AM

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ATLANTA A dozen Pacific nations closed in on a sweeping free trade pact on Sunday in Atlanta after a breakthrough over how long a monopoly pharmaceutical companies should be given on new biotech drugs.

The issue has pitted the United States, which has argued for longer protections, against Australia and five other delegations who say such measures would strain national healthcare budgets and keep life-saving medicines from patients who cannot afford them.

Also read: Mexico and EU reach new trade deal

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