The trading dispute between the US government and Antigua dates from 2004 and until lately, there was small hope for a settlement. 2016 brings good news although, because it seems like a resolution from the trade argument is just around the corner. The officials of each Antigua and the United states of America lastly agreed to resolve the WTA dispute by the finish of the month, with US authorities being the initiators.
Both parties held firm for 12 years and the occasional offers produced by either of them were swiftly dismissed over this lengthy time period. Apparently, the United States’ newest provide brings something new to the table, however the details are however to be disclosed towards the broad audience. Charles Fernandez, Antigua’s Foreign Affairs Minister indicated that his nation is leaning towards accepting this provide.
Few remember that the scandal started almost 13 years ago, when Antigua filed the original complaint towards the World Trade Organization. They were upset by the truth that the United states showed discriminatory therapy to nations that had been licensing on-line gambling websites serving the US marketplace. The Americans countered with the argument of trying to regulate all gambling operators, with out being unfair to any nation in specific.
The Globe Trade Organization initially ruled in the favor of Antigua, stating that the United states of america allowed bookmakers to place bets on on-line horse races. These had been accepted within the US borders, whilst other international operators had been denied access or blocked every step from the way.
Antigua was supposed to gather $21 million on a yearly basis from the United states of america, as a compensation for the ban enforced by the American authorities. Sadly for the tiny nation, it’s however to see a dime and this only amplified the trade dispute. Now that the resolution lastly seems feasible, they may obtain the monetary compensations, regardless of the lack of achievement of the previous negotiations.
