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12 Pacific rim nations seal deal for world's largest free trade area

Agreement on TPP aims to set rules for 21st century trade and investment and press China to shape its behaviour to accord's standards

"When more than 95% of our potential customers live outside our borders, we can't let countries like China write the rules of the global economy." - President Obama


TWELVE Pacific rim countries sealed the deal on Monday on creating the world's largest free trade area, delivering US President Barack Obama a major policy triumph.

The deal on the Trans-Pacific Partnership (TPP), led by the United States and Japan, aims to set the rules...

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