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New Zealand approves TPP-11

Move puts revamped trade pact on track to take effect in January

SYDNEY -- New Zealand's parliament passed legislation Wednesday to ratify the reworked Trans-Pacific Partnership, a $10 trillion free trade pact among 11 nations.

It will complete the process as early as the end of October, pending approval from the governor general, representative of Queen Elizabeth II, New Zealand's head of state. The move is a step forward for the so-called TPP-11 to take effect in January 2019.

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