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Business leaders, exporters and farmers upbeat about revised TPP deal

The government is winning praise from farmers, exporters and the business sector in general for the way it handled trade negotiations on the sidelines of the APEC summit in Vietnam.

The core principles of the rebranded TPP were agreed by negotiators from 11 nations at the weekend after last-minute hold ups.

New Zealand's team managed to get most of what it wanted from the free trade deal.

"It's not a perfect agreement but it's a damn sight better than what we had when we started," Prime Minister Jacinda Ardern said.

Further negotiations will be held over coming months to iron out remaining issues before the Comprehensive Progressive Trans-Pacific Partnership (CPTPP) is signed.

"This is a great outcome for not just the primary sector but all New Zealanders," Federated Farmers said on Monday.

"The federation is delighted that the prime minister has been pragmatic and assertive to keep this agreement moving forward."

The Employers and Manufacturers Association said it was good news for exporters.

"The New Zealand team did well," the association said.

"We are an economy of 4.5 million people and it's exciting that we will have access to markets such as Japan, which we otherwise wouldn't."

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