Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world’s economy in a deal that faces skepticism from U.S. lawmakers.
The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change the cost of products from cheese to cancer treatments and have repercussions for drug companies and automakers.
Tired negotiators worked round the clock over the weekend to settle tough issues such as monopoly rights for new biotech drugs. New Zealand’s demand for greater access for its dairy exports was only settled at 5 a.m. EDT (0900 GMT) on Monday.
Read more from Reuters.
Related News
- RRB: Credit for military service under the Railroad Retirement Act
- 2022 Tentative Agreement ratification results and next steps
- A message to veterans from President Ferguson
- Update on SMART-TD balloting for National Rail Tentative Agreement
- Rule of 2 comment period extended by FRA to Dec. 21
- Appearances with federal officials reinforce that union is labor leader in Kansas
- Branson, Mo., TD Regional Training Seminar hotel deadline now Oct. 28
- New Ford EV plant “a game-changer” for SMART Tenn. local
- Two-person crew rule’s comment period receives extension
- TD Local 653 legislative representative receives Chicago labor award