Dec 11, 2014

Video: Pacific Trade Pact Chances 'Significantly' Better Than 50-50: Obama

President Barack Obama said on Thursday, chances that U.S. negotiators can bring home a strong trade deal with Asia-Pacific countries are now much better than 50-50.

Obama said he was also confident the administration could make a "strong case" in Congress for a Trans-Pacific Partnership deal covering nearly 40 percent of the world economy. Obama said at a meeting of the President's Export Council. "I'm much more optimistic about us being able to close out an agreement with our TPP partners than I was last year."