The deal needs to be ratified in the 12 partner states’ national parliaments. Check back often for updates on this breaking story
Twelve countries, including Canada, have agreed to create the world’s largest regional trade zone.
After five days of marathon, around-the-clock negotiations, a deal has been reached to create the Trans-Pacific Partnership, which would cover 40 per cent of the world’s economy.
The proposed agreement reduces or eliminates barriers in a wide range of sectors and could lead to more Canadian exports of pork, beef, canola, high-tech machinery and a variety of other products.
It also entrenches new international trade standards in Asia, setting a template should any other countries in that fast-growing region—like China—want to join someday.