EU will be damaged if fails to agree U.S. trade deal: UK minister

March 12, 2015 4:19 PM

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LONDON (Reuters) - Failing to agree a transatlantic free trade deal would be damaging for the European Union and send a message that the bloc has waning international importance, Britain's Minister for Europe said on Thursday.

This year is crucial in making progress on the Transatlantic Trade and Investment Partnership (TTIP) before U.S. President Barack Obama leaves office, but so far nothing has been agreed. Each side has accused the other of trying to protect specific industry interests.

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