12 countries sign an agreement linking 40 percent of the world's economies to each other

The United States agreed and 11 other countries Pacific Rim, on Monday, the agreement is the largest of its kind after seven years of negotiations, the agreement allows linking 40% of the interconnected global economy.

United States, Japan, New Zealand, Australia, Brunei, Canada, Chile, Malaysia, Mexico, Singapore, Peru, Vietnam, and had reached a "partnership agreement (economic) across the Pacific," seeks to establish free trade, and the liberalization of the economies participating in the agreement states, it is assumed that he will bind 40% of the world economy and the abolition Nearly 20 thousand tariff.

This spent and trade ministers from countries participating in the Convention and their teams negotiating, the last few weeks in difficult talks in Atlanta, Georgia, USA in an attempt to reach a final version of the agreement, which was supposed to announce to negotiate the end of the clauses first on Sunday, but it was postponed Advertising for one day, because there are some points of contention.

It is expected the United States not to vote on the agreement until next spring, after the passing of the Congress, by reading and discussing the terms of the agreement in a period of 90 days.

He said US President Barack Obama agreed the culmination of his efforts to "grow our economy and strengthen the middle of our class," he said in a statement issued by the White House that "this agreement will support American workers inside and outside the United States."

Obama said he "can not let a country like China develop rules of the global economy, should we write those rules, and open new markets for American products at the same time that we put the high standards to protect workers and protect the environment."


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