The United States, Japan and 10 other Pacific Rim countries reached agreement on the Trans-Pacific Partnership, the largest regional trade accord in history. The deal still needs approval in Congress, where there has been some bipartisan opposition to the deal, reports The New York Times.
“When more than 95 percent of our potential customers live outside our borders, we can’t let countries like China write the rules of the global economy,” President Obama said in a statement. “We should write those rules, opening new markets to American products while setting high standards for protecting workers and preserving our environment.”
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