"The largest regional trade accord in history, the Trans-Pacific Partnership would set new terms for trade and business investment among the United States and 11 other Pacific Rim nations — a far-flung group with an annual gross domestic product of nearly $28 trillion that represents roughly 40 percent of global G.D.P. and one-third of world trade.
The agreement reached by trade ministers on Monday in Atlanta, the result of five days of round-the-clock talks, came after a dispiriting failure to reach consensus in Hawaii in late July.
The product of 10 years of negotiations, the agreement is a hallmark victory for President Obama who has pushed for a foreign-policy “pivot” to the Pacific rim. But the Trans-Pacific Partnership now takes center stage on Capitol Hill, where it remains politically divisive."
Miami (AFP) - Senior negotiators on a huge transatlantic trade treaty opened new talks in Miami Monday aiming to close some differences on key issues between the United States and the European Union.
The 11th round of talks on the Transatlantic Trade and Investment Partnership, or TTIP, were under new pressure to advance two weeks after Washington scored a major triumph with the agreement to set up a Pacific free-trade group with Japan, Canada and nine other countries.