US, Japan, Pacific Rim Nations Reach Massive Trade Deal


The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy.

The Trans-Pacific Partnership deal was completed in the southern U.S. city of Atlanta, Georgia. It was the culmination of seven years of often contentious negotiations over trade barriers on agricultural and dairy products, new cars, the latest technology gadgets, cutting-edge drugs and numerous other products, along with environmental and work regulations.