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Mon 07 Jul 2008Failure to agree trade deal could trigger '1930s-style' disaster
THE EUROPEAN Commission's Irish-born director general for trade David O'Sullivan has warned that a failure to agree a global trade deal could provoke a 1930s-style Great Depression.
However, he has expressed optimism about the prospect of achieving a breakthrough in long-running World Trade Organisation (WTO) talks, which are due to re-start today in Geneva.
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