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Text of world's biggest free-trade pact released

The 12-nation Trans-Pacific Partnership covers the world's largest free trade areaThe text of the Trans-Pacific Partnership (TPP) was released Thursday, offering the first detailed look at the world’s biggest free trade deal, the most ambitious effort in years to rip down barriers to commerce. The accord must be signed and ratified by the respective countries and many may face uphill battles, not least in the United States as it tries to convince a sceptical Congress. Australia’s Trade and Investment Minister Andrew Robb welcomed the text, stressing that at the end of the negotiations TPP members had agreed to release details as soon as possible.

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