Pacific trade negotiators close in on landmark deal, fight for approval to follow

lunes 5 de octubre de 2015 06:25 GYT

* 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...