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EU-U.S. trade deal seen reaping rapid benefit

By Philip Blenkinsop DUBLIN (Reuters) - Companies would race to profit from a free trade agreement (FTA) between the European Union and the United States, bringing a near instant boost to both economies, the head of the U.S. Chamber of Commerce said. "If they made a deal tomorrow, U.S. and European companies are sitting on a boatload of cash and they'd be moving this thing up as fast as they can move," Thomas Donohue, president of the U.S. Chamber of Commerce, said after a EU-U.S. trade conference in Dublin.

Key EU-India trade talks kick off with new momentum

Long-running talks on an EU Free Trade Agreement with India gained fresh momentum in a meeting Monday with Indian Commerce Minister Anand Sharma, the European Commission said. EU Trade Commissioner De Gucht and Sharma "had a positive meeting which has provided a renewed momentum to bring the negotiations forward. "We look forward to renewed progress in the coming months", said John Clancy, spokesman for the commissioner. Indian officials were not immediately available for comment.

White House gives Congress 90-day notice on EU trade talks

By Doug Palmer WASHINGTON (Reuters) - The White House on Wednesday formally notified Congress of its plans to begin free trade talks with the 27-nation European Union, an effort to leverage the world's largest trade and investment relationship to create new economic growth.

UPDATE 2-Obama calls for U.S. free trade pact with European Union

* US-EU trade talks expected to begin by June * Lawmakers press for action on EU farm trade barriers * Congress to work on new "trade promotion authority" law By Doug Palmer WASHINGTON, Feb 12 (Reuters) - President Barack Obama on Tuesday called for talks on a far-reaching free trade agreement with the 27 nations of the European Union, throwing his weight behind a deal that would encompass half the world's economic output.
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