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U.S. rules out major Trans-Pacific trade announcement at APEC
Reuters: There will be no "major announcement" on a Washington-backed Asia-Pacific free trade deal during a meeting of leaders from the region in Beijing this week, U.S. Trade Representative Michael Froman said on Sunday.
Few expected that a deal on the ambitious 12-country Trans-Pacific Partnership (TPP) could be reached this year, largely because of a deadlock between the pact's two biggest economies, the United States and Japan, over how widely Japan will open its doors to farm exports.
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