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U.S. official confident of Congress approval of TPP deal

U.S. Trade Representative Michael Froman on Tuesday expressed confidence that U.S. Congress will ultimately approve the Trans-Pacific Partnership deal.

The deal was reached between the United States and 11 Pacific Rim countries earlier this month.

SOUNDBITE(ENGLISH) MICHAEL FROMAN, US Trade Representative:
“It is not a perfect agreement but I think at the end of the day when people dig into the details and learn about what’s in there…I’m confident we will have bipartisan support ultimately for its approval.”

More than five years of negotiations on the Pacific trade deal came to an end on Oct. 5.

Officials from the 12 TPP countries are still drafting parts of the final text of the agreement, which covers about 40 percent of global economic output.

SOUNDBITE(ENGLISH) MICHAEL FROMAN, US Trade Representative:
“Right now, our focus is on getting the agreement out–finalizing the details of it and getting it public, so people can read it, analyze it.”

Froman also pledged to speed up the pace of bilateral negotiations on the Transatlantic Trade and Investment Partnership with the European Union.

SOUNDBITE(ENGLISH) MICHAEL FROMAN, US Trade Representative:
“With TPP concluded, there is even greater focus on advancing the TTIP negotiations with the European Union. We are working to accelerate that process and just completed an important round in Miami. When we complete TPP and TTIP, we’ll have free trade with two-thirds of the global economy, making it easier to multilateralize high standards.”

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