September 25, 2015 / 2:13 AM / 4 years ago

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

U.S. President Barack Obama pauses as talks to the media after signing a citation awarding the Presidential Unit Citation to PHS CC members who participated in the Ebola containment efforts in West Africa in the Oval Office of the White House in Washington, September 24, 2015. REUTERS/Yuri Gripas

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

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