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April 10, 2014 AT 1:06 PM
Negotiators on both sides said on Thursday big gaps remain between the United States and Japan after two days of talks on a bilateral trade deal that is vital for a broader regional pact. Japan and the U.S. are seeking a two-way trade deal, regarded as a cornerstone of the U.S.-led Trans-Pacific Partnership, before President Obama travels to Japan for an April 24-25 state visit. The TPP, a 12-nation grouping that would stretch from Asia to Latin America, is central to Obama's policy of expanding the U.S. presence in Asia. Japanese Prime Minister Shinzo Abe has touted it as a main element of his economic growth strategy.