Twelve Pacific Rim countries have set the stage for what may become the world’s largest trading bloc.

After more than five years of negotiations, ministers from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States gathered in Auckland, New Zealand, Thursday to sign the Trans-Pacific Partnership (TPP) agreement.

Yet the landmark free trade deal faces more roadblocks before it becomes a done deal.

With a combined trade of more than $1.5 trillion, the 12 countries that make up the TPP are responsible for 40 percent of the world’s economy.

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Source : VOANews.Com