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`Even chance' of TPP ratification: Biden

NZ NewswireNZ Newswire 21/07/2016

US Vice-President Joe Biden thinks there's "an even chance" the Trans-Pacific Partnership free trade agreement will be ratified.

Both US presidential contenders, Hillary Clinton and Donald Trump, have said they oppose the 12-nation agreement but there's a period before the inauguration that ratification could take place.

It's known as the "lame duck" period in US politics.

"I think we have an even chance of that happening during the lame duck period," Mr Biden told reporters after meeting Prime Minister John Key in Auckland on Thursday.

Mr Key said that was what he was hoping for.

"Everyone can see there are potential risks," he said.

"He (Mr Biden) believes it can be ratified during that period between November and January."

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