US Unites with Pacific Rim Nations on Free Trade Deal
October 05, 2015
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This morning negotiators from the United States and 11 Pacific rim countries announced that they had finally reached an accord on a free trade deal nearly a decade in the making.
From the Wall Street Journal:
For the U.S., the Trans-Pacific Partnership trade agreement opens agricultural markets in Japan and Canada, tightens intellectual property rules to benefit drug and technology companies, and establishes a tightknit economic bloc to challenge China’s influence in the region. President Barack Obama lauded the trade accord on Monday, saying it would open new markets to American products and set high standards for protecting workers and the environment. ... After dozens of rounds of negotiations and five days of haggling in Atlanta, trade ministers and other top officials said they resolved bitter fights over intellectual property protection for biologic drugs, automotive-assembly rules and dairy products.