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US will lose out if TPP isn't ratified: PM Lee

He urges businesses to lobby Congress to ratify pact and show US commitment to region as an Asia-Pacific power

Lee U-Wen

Published Fri, Jun 27, 2014 · 10:00 PM

New York City

THE negotiations are almost done and next up for the Trans-Pacific Partnership (TPP) free trade agreement is for it to be ratified by the US Congress.

From Prime Minister Lee Hsien Loong's point of view, the US stands to lose a great deal if this pact involving 12 Pacific Rim countries hits a stumbling block at the ratification stage.

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