Obama confident Pacific trade deal will be approved

[HANOI] US President Barack Obama said on Monday he was confident a Trans-Pacific Partnership (TPP) trade deal he has championed will be approved by US legislators, to the benefit of the world.

Mr Obama, on a visit to Vietnam, told a news conference the TPP was a good deal for US business and it would give the United States the ability to engage on issues of concern.

He said he had not seen a credible argument that the deal, which will group 12 economies, would hurt US business.

REUTERS