President Barack Obama hailed the signing of one of the biggest trade deals in history, saying the Trans-Pacific Partnership would give the United States an advantage over other leading economies, namely China, AFP reports.
"TPP allows America - and not countries like China - to write the rules of the road in the 21st century, which is especially important in a region as dynamic as the Asia-Pacific," Obama said in a statement Wednesday after the deal was signed in New Zealand by all 12 member nations, including the US.