Trans-Pacific trade pact: Negotiators finally get it done

October 6, 2015 7:42 AM

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New York (CNNMoney) — The United States and 11 other nations have finally reached a long-sought agreement on a controversial free-trade pact.

The Trans-Pacific Partnership, or TPP, would knock down tariffs and import quotas, making it cheaper to import and export, and open new Asia-Pacific markets to American companies. Negotiations have been going on for years.

Also read: Mexico and EU reach new trade deal

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