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Posted AT 2:23 PM EDT on 25/07/08

WTO deal 'possible:' Mandelson

JOHNATHAN LYNN

Reuters

GENEVA — Troubled global trade talks showed encouraging signs of edging towards a deal on Friday after crunch negotiations among seven key countries produced elements of a compromise, ministers and officials said. The new proposals breathed life into the make-or-break talks at the World Trade Organization which earlier on Friday were at risk of collapse. The compromise includes a further cut in the cap on contentious U.S.

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