Pacific trade negotiators close in on landmark deal, fight for approval to follow
* Pacific nations negotiating sweeping trade pact
* Announcement of a deal expected on Monday in Atlanta
* Talks have been under way for five years
* Deal on biologic drugs the last piece in jigsaw -sources
* Ratification hurdle still to come after deal agreement
By Krista Hughes and Kevin Krolicki
ATLANTA, Oct 5 (Reuters) - A dozen Pacific Rim nations prepared on Monday to announce the most sweeping trade liberalization pact in a generation, a deal that could reshape industries and influence everything from the price of cheese to the cost of cancer treatments.
The Trans-Pacific Partnership seeks to cut trade barriers and set common standards for 40 percent of the world economy and would stand as a legacy-defining achievement for U.S. President Barack Obama, if it is ratified by Congress.
Lawmakers in other TPP countries must also approve the deal. Continuación...