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Japan parliament enacts bill to complete TPP domestic arrangements
Japan's parliament on Friday enacted legislation necessary to complete domestic procedures before the ratification of the revised Trans-Pacific Partnership free trade pact. The passage of the bill through the House of Councillors set the stage for Japan to finalize its domestic arrangements in early July as it still needs to revise relevant government ordinances. The Diet has already agreed to ratify the TPP, which the Cabinet Office says will potentially give Japan's real gross domestic product a 1.5 percent boost. The new law includes support for Japanese livestock farmers who will be exposed to foreign competition ... (full story)