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Shinzo Abe

Vietnam seems big winner in US-anchored Pacific trade deal

An ambitious Pacific Rim trade deal anchored by the U.S. promises to boost the economies of its 12 participating countries by opening their markets to one another, but not all the gains will be spread evenly. Among the biggest winners of the Trans-Pacific Partnership is Vietnam, where booming garment and shoe industries are poised to benefit from the elimination of tariffs in the United States and other major importing nations. Experts say Japanese car and auto parts makers and Malaysia's electronics and semiconductor industry will also benefit from the trade deal, which was agreed on Monday after more than five years of negotiations. The pact, which still needs ratification from...