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WTO talks on duty-free trade in IT goods collapse

"This is potentially an enormous deal. We missed an opportunity here this week to conclude," US Ambassador Michael Punke told reporters at the World Trade Organization (WTO).

WTO agreement on IT, environment not acceptable: India

India will not accept any agreement on IT and environmental goods which is being proposed by a group of developed nations at WTO, as it would adversely impact the domestic industry, a top official said.