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Pacific Nations Release Text of Landmark TPP Trade Agreement

The text of a landmark deal between a dozen Pacific nations including the U.S. and Japan to remove trade barriers on items ranging from cars to rice was released Thursday.

The Trans-Pacific Partnership will provide duty-free trade on most goods, and reduce tariffs on others. It will also provide mutual recognition of many regulations, including an exclusivity period for biologic drugs derived from living organisms and patent protection for pharmaceuticals. That was one of the final topics that was settled in marathon talks last month, as developing nations sought quicker access to generic medications.