By Doug Palmer, POLITICO
Negotiators from the U.S., Japan and 10 Pacific Rim nations on Monday cinched a sweeping trade pact, setting the stage for President Barack Obama to send the deal to a divided Congress early next year.
“We, the trade ministers… are pleased to announce that we have successfully concluded the Trans-Pacific Partnership negotiation,” United States Trade Representative Michael Froman announced shortly after 9 a.m. to a loud round of applause. “After more than five years of intensive negotiations, we have come to an agreement that will support jobs, drive sustainable growth, foster inclusive development and promote innovation.”