US, Japan and 10 More Countries Sign Pacific Rim Free Trade Agreement

Iraqi Dinar 123 News:– The Pacific Rim free trade agreement has been signed among the United States, Japan and 10 other countries. It is thrilling scene of account of countries more than 40 percent to the global economy. This agreement took five days before signing in Atlanta, United States, but originally it was originally taken more than five years of dialogs for signing the agreement. This agreement took more time and postponed many times due to negotiations among various countries contributed in the convention on proprietary drugs including Canada, Chile, Australia, Mexico, Peru, Singapore, Malaysia, Brunei, Vietnam and New Zealand.

The U.S President Obama also issued a statement that this agreement is reflecting values of America and it would provide our workers a perfect opportunity to get benefits as much as they earn. He also said that it would make your country much stronger if you have more than 90 percent of your consumers and potential customers outside the country such as china that is making rules for global economy. He added that we should rewrite all rules by opening new markets for American products by adopting the high standards in order to protect our workers and to secure our environment. The Japanese Prime Minister also said in his press statement that this agreement would reflect a great impact on Japan and it would be more beneficial for the Asia-Pacific region. New Zealand and Australia has stretched-out for the period of 5 years in order to decrease the costs of drugs and to reduce the load on their medical programs.

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