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US-led Pacific trade pact under discussion in Singapore

A view of the container port in Singapore on December 7, 2013Asia Pacific trade ministers began a fresh round of talks in Singapore on Saturday for a huge US-led Pacific free trade area, hoping to conclude a deal this year after missing a deadline in 2013. The four-day meeting of ministers from 12 countries covered by the proposed Trans-Pacific Partnership (TPP) comes after their chief negotiators completed five days of talks also held in the city-state.