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More water as a cure for drowning

Here we go again, yet another free trade deal:

APEC leaders agree on trade deal outline

http://www.abc.net.au/news/2011-11-13/agreement-reached-on-free-trade-pact/3663284

Snippets:

The pact sets out to eliminate all tariffs and introduce new uniform labour and intellectual property standards across the Asia-Pacific. The leaders aim to finalise the deal next year.