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Obama Administration to Open Talks to Promote Services Trade

The U.S. will participate in global talks to lower trade barriers in financial services and telecommunications, a step toward an agreement sought by companies including JPMorgan Chase & Co. and AT&T Inc.

President Barack Obama’s administration today notified Congress of its intent to take part in the negotiations at the World Trade Organization in Geneva, according to a statement from the U.S. Trade Representative’s office.

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