SINGAPORE: Negotiators are “very close” to completing a US-led Pacific trade pact this year, Singapore Prime Minister Lee Hsien Loong said ahead of a crucial meeting in the city-state this weekend.

Trade ministers from 12 countries will meet from Saturday to Tuesday in a bid to iron out kinks in the proposed Trans-Pacific Partnership (TPP), after negotiators failed to meet a self-imposed deadline to strike a deal by the end of last year.

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