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(20 Jun 2014) President Barack Obama says he hopes the U.S. and its negotiating partners can make progress on an Asia-Pacific trade pact by the time he travels to the region later this year. Obama made the comments during a meeting in the Oval Office with New Zealand Prime Minister John Key. The U.S. and New Zealand are part of the 12-nation group trying to negotiate the Trans-Pacific Partnership pact. "New Zealand has been a great partner on that process and we discussed a timeline whereby before the end of the year we're able to get a document that can create jobs both in New Zealand and the United States and the other countries that are participating," Obama said. For his part, Key said he was optimistic a comprehensive deal could be reached. "I think there is more work to be done but the prize at the end of those negotiations is one that's worth it for both of our economies and for the other ten partners that would join us so I think that's a great objective," he said. Obama and Key also discussed security issues facing the Asia Pacific region, from North Korea's nuclear ambitions to the maritime disputes in the South China Sea. Key has the distinction of being one of few foreign leaders who have joined Obama for a golf outing. They played a round in January while both were vacationing in Hawaii. Obama says he looks forward to visiting New Zealand, if not this year, then before the end of his presidency. Obama is scheduled to travel to Asia in November. Following the meeting, Key spoke to reporters on the White House driveway and was asked about Japan's reluctance to sign on to the trade pact. He said he remains "really confident that Japan will get there," but added he doesn't believe the other nations "should compromise the quality of the deal." Key said he and the president spoke about Iraq but said Obama did not ask New Zealand for any help. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: / ap_archive Facebook: / aparchives Instagram: / apnews You can license this story through AP Archive: http://www.aparchive.com/metadata/you...