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US, Japan and 10 other Pacific Rim countries agree a wide-ranging Trans-Pacific Partnership free trade deal that covers about 40% of the world economy.

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Pacific rim countries move forward with the TPP free trade pact, but the US confirms it will not return to the partnership.

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Supporters say it could be worth billions of dollars to the countries involved but critics say it was negotiated in secret and is biased towards corporations.

Join our analysts live as they trade during the most important news events in forex.The BBC is not responsible for the content of external sites.The 12 countries have a population of about 800 million and are responsible for 40% of world trade.

Trump 1, free trade 0: G20 drops pledge to fight protectionism

Trans-Pacific free trade deal agreed creating vast partnership.Probable Pitchers Top Prospects Injury Updates Transactions Hall of.This site is optimised for modern web browsers, and does not fully support your version of Internet Explorer.Despite the success of the negotiations, the deal still has to be ratified by lawmakers in each country.The deal covers about 40% of the world economy and was signed after five days of talks in Atlanta in the US.Free trade is something of a sacred cow in the economics profession.

The Trans-Pacific Partnership (TPP) cuts trade tariffs and sets common standards in trade for 12 Pacific rim countries, including the US and Japan.Donald Trump just killed the Trans-Pacific Partnership (TPP).That negotiations have been conducted in secret, and that it favours big corporations.Even though a compromise was reached, no definitive protection period was confirmed.

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The leaders of Germany and China have stressed the importance of open.

News, comment and features on fair trade, the the Fairtrade Foundation and trading conditions in developing countries.

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Moving towards it, rather slowly, has also been one of the dominant features of the post-World.Why African leaders have growing doubts about the virtues of free trade.For President Barack Obama, the trade deal is a major victory.They said a shorter patent would bring down drug costs for health services and bring lifesaving medicine to poorer patients.

News Release: Free Trade in Canada - Maxime Bernier

Tense issues The car industry was another area of intense negotiation with countries agonising over how much of a vehicle had to be manufactured within the TPP countries in order to qualify for duty-free status.