New Zealand, Brunei, Chile and Singapore announce a successful conclusion to negotiations of a Trans-Pacific Strategic Economic Partnership Agreement (Trans-Pacific SEP). The free-trade pact is New Zealand's first with a Latin American country. It also marks the first such trade agreement between the four countries. The FTA, expected to take affect Jan. 1, provides for comprehensive tariff elimination among all four countries by 2017. More than 90% of total trade between the parties ...

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