Obama, Peru president agree on need to conclude TPP talks quickly

Reuters

WASHINGTON (Reuters) - U.S. President Barack Obama and Peruvian President Ollanta Humalla agreed in a phone call on Thursday on the importance of concluding negotiations swiftly for a Pacific trade deal, the White House said. The Trans-Pacific Partnership, or TPP, seeks to cut trade barriers and set common standards for 40 percent of the world economy and will be a legacy-defining achievement for Obama. (Reporting by Eric Beech; Editing by Paul Tait)