Lagarde: Pacific trade pact «bound to unleash» growth (dpa German Press Agency)

Lima (dpa) – The Trans-Pacific Partnership (TPP) trade deal is “bound to be beneficial” for global economic growth, International Monetary Fund chief Christine Lagarde said Thursday. The deal, announced Monday by 12 Pacific Rim countries after five years of negotiations, is meant to lift most duties on trade and investment, set new business standards and protect…

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