The United States and 11 other Pacific Rim nations have reached a tentative trade agreement with the potential to transform the global economy and roil American politics, officials said Monday.
The Trans-Pacific Partnership will “promote economic growth” and “support higher paying jobs,” said U.S. Trade Representative Michael Froman, making the announcement along with other trade ministers in Atlanta following days of final negotiations.
The massive trade deal — which faces months of debate in Congress — would tie together near 40% of the world’s economy, from Canada to Japan to Australia.
In hailing the agreement, Obama said that “Congress and the American people will have months to read every word” before he signs the deal that he described as a win for all sides.
“If we can get this agreement to my desk, then we can help our businesses sell more Made in America goods and services around the world, and we can help more American workers compete and win,” Obama said.
Japanese trade minister Akira Amari told reporters in Atlanta that a deal has been reached. In Tokyo, Prime Minister Shinzo Abe hailed the Trans-Pacific Partnership (TPP) as a great achievement.
“It is a major outcome not just for Japan but also for the future of the Asia-Pacific,” Abe told reporters.
In addition to the United States and Japan, other TPP countries are Brunei, Chile, New Zealand, Singapore, Australia, Peru, Vietnam, Malaysia, Mexico, and Canada.
Read more: USA Today
- Child Sex Slave Escapes Captor, But Now She is the One in Jail
- NO LOVE FOR TRUMP: Glenn Beck Calls Trump’s Wife a Lesbian Porn Star in Facebook Rant
- Chick Who Stole MAGA Hat from College Student is in Serious Trouble [VIDEO]
- Police Investigate Woman Who Defended Herself With Gun, Because Perpetrator is Now…
- WATCH: Sarah Palin Says She’s Never Been Sexually Harassed Because Everyone Knows She Has a…
- POLL: President Trump Wants to Expose Sexual Harassers in Congress — Do You Love This?
- Illegal Alien and MS-13 Gang Member Cuts Man’s Head and Heart Off Inside ‘Sanctuary’ County
- Self-Defense When Bugging Out: 7 Tips to Keep In Mind
- PANTS ON THE GROUND: Ashley Madison Hackers Have THOUSANDS of Users’ Naked Photos
- REPORT: Serial Killer on the Loose, Residents Ordered to Stay Inside
- Revealed: George Soros has Been Winning Small Political Victories That Can Jeopardize America
- The 5 Worst/Recent Mass Murders in the USA (with a Firearm) Came from Democrats
- ‘YOU SHOULD HAVE STAYED IN AFRICA’: Group of Black People Taunt BIKINI-CLAD Woman, She Instantly Loses Her Sh*t [VIDEO]
- Prostitute Shoots Man in the Head Because He Didn’t Know How to…
- WATCH: Colin Kaepernick is Now Ready to ‘Stand for the Anthem’ if He Can…
- Watch: When Americans ‘Steal’ Illegal Immigrants’ Job
- Texas Shooting: Two Heroes Who Chased Down Shooter Reveal What Happened
- Hey Ladies: Here is a List of Compact 9mm Concealed Carry Guns that Cost Less Than $600