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Broad TPP deal could be reached by end of July: Japanese minister

Xinhua, June 24, 2015 Adjust font size:

Japanese Economic and Fiscal Policy Minister Akira Amari said Wednesday that 12 countries involved in the Trans-Pacific Partnership (TPP) negotiations can reach a broad agreement by the end of July, local media reported.

"I think a ministerial meeting (of TPP countries) will be held in July," Amari told reporters in Tokyo. "We need to reach a broad agreement in July. I think that is possible," he said.

Amari's remarks came after the U.S. Senate endorsed on Tuesday a plan to wrap up deliberations and take a revote on a bill that is crucial to concluding the pact, now expected Wednesday, to grant President Barack Obama the power to sign trade deals, including the U.S.-led TPP, without amendments in Congress.

The TPP involves Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Endi