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Washington and Tokyo step up trade talks before Obama visit

US and Japanese negotiators were yesterday working to close their differences over agricultural and vehicle tariffs, but both sides warned they would struggle to conclude a deal in time for the arrival in Tokyo today of Barack Obama, US president.

The two countries are keen to unveil a deal over access to the agricultural and automobile markets during the first state visit to Japan by a US president since Bill Clinton in 1996.

The lack of an agreement has held up efforts to finalise the 12-country Trans-Pacific Partnership, which sits at the top of the trade agenda for Mr Obama and his host, Japanese prime minister Shinzo Abe.

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