AUSTRALIA will not sign up to the trans-Pacific partnership trade deal in the current round of talks.

A spokesman for Trade Minister Andrew Robb confirmed that a conclusion will not be reached on the $200 billion deal during the latest round of negotiations.

“Australia had made some excellent progress but unfortunately some difficult issues were not resolved,” he said in a statement to AAP on Saturday.

Mr Robb said Australia had made progress on sugar and dairy, but discussions were yet to be finalised.

He rejected suggestions he’d negotiated trade-offs on intellectual property in return for market access.

“You are looking for a balance,” the minister told reporters in Lahaina, Hawaii.