Pacific trading partners release TPP details

Sydney

THE long-awaited text of a landmark US-backed Pacific trade deal was released on Thursday, revealing the details of a pact aimed at freeing up commerce in 40 per cent of the world's economy but criticised for its opacity.

According to the text, US technology companies, banks and farmers are among the biggest beneficiaries of falling tariffs that are part of the trade deal designed to liberate commerce among 12 Pacific Rim nations.