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Sunday 13 November 2011

Obama outlines pan-Pacific trade plan at Apec summit


US President Barack Obama has submit the broad outlines of a plan to create a trans-Pacific free trade zone at an annual regional summit in Hawaii.
"I'm sure we can get this done," Mr Obama said at the Asia-Pacific Economic Co-operation (Apec) talks.
Nine Apec nations are participate in the Trans-Pacific Partnership (TPP), but China has not agreed  so far expressed interest in joining the talks.
In all, 21 Apec countries account for more than 44% of global trade.
They also make up some 40% of the world's population.
Speaking in Honolulu on Saturday, Mr Obama said: " this combination boost exports and create more goods available for our consumers, create new jobs. Compete, capture new markets in future"

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