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Obama says broad outlines of trade deal reached.

Sunday, November 13, 2011 - 01:31

Nov. 12 - U.S. President Obama says the outlines of a Trans-Pacific Partnership deal has been reached after meeting with leaders of eight Pacific nations. Deborah Lutterbeck reports

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--AUDIO AS INCOMING -- U.S. President Barack Obama said on Saturday that the U.S. and eight other Pacific nations have agreed on the outlines of a free trade accord. SOUNDBITE: U.S. President Barack Obama, saying (English): "I am confident that we can get this done. Together we can boost exports, create more goods available for consumers, create more jobs and compete and win in the markets of the future." Obama, hosting the APEC summit in his birthplace of Honolulu, said he was confident the Trans-Pacific Partnership or TPP agreement could be finalized in the coming year. With Europe mired in crisis, the Obama administration sees the fast-growing Asia-Pacific region as key to boosting exports and helping to create jobs to bring down high U.S. unemployment. The nine countries involved in the Trans-Pacific Partnership include the United States, Australia, New Zealand, Singapore, Malaysia, Vietnam, Brunei, Chile and Peru. On Friday Japan announced its interest in joining the negotiations, which if it is included would create a regional economic group about 40 percent larger than the 27-nation European Union. Deborah Lutterbeck, Reuters

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Obama says broad outlines of trade deal reached.

Sunday, November 13, 2011 - 01:31