>> A landmark trade deal took one step closer to reality, Wednesday and it's moving one star member, the United States. Officials released the final version of the Trans-Pacific Partnership.>>
>> Meant to cut trade barriers among some of the Asia-Pacific's fastest growing economies. The deal was a centerpiece of the Obama administration so called pivot to Asia.
>> TPP is gonna change that.>> But Donald Trump pulled out of TPP last year, leaving the trade pact one nation short of a dozen. But the 11 remainders led by Japan, forged ahead, suspending or changing 20 provisions including the removal of a rule inserted at the behest of US negotiators that would have ramp up intellectual property protection for pharmaceuticals.
Governments and activists had feared that move would raise the cost of medicine. At the World Economic Forum in Davos last month, Trump left the door open to join TPP at a later date, if he got a better deal. And whereas that would be welcomed by some.>> Well, if US has become little bit more positive about TPP, that's something that we welcome.
>> America's reentry is far from assured.>> They've got no right to come back in. If they expressed interest in coming back in, then that would be up to the parties to have that negotiation with them. And I would have thought a number of the parties including us would be interested in exploring that.
>> TPP will lower tariffs in economies that together amount to more than 13% of global GDP. A total of $10 trillion. If the US was still in the deal, that number would've ticked up to 40%. The pact is expected to be signed in Chile on March the 8th, and to come into force at the into this year or at the start of 2019.