According to Safe and Secure Internet Gambling Initiative, the US has been called to resolve a trade agreement with the World Trade Organization (WTO) dispute by a leading policy expert. The violation has to do with Internet gambling. The expert says that dispute could "damage the WTO's credibility and force the US to pay billions of dollars in compensation. In March the WTO ruled against the US in a dispute filed by Antigua and Barbuda, two countries in the Caribbean . The WTO found that :"the US unfairly prohibits foreign Internet gambling operators from accessing the US market, while allowing domestic companies to legally accept online bets, according to Safe and Secure Internet Gambling Initiative. In May, the United States Trade Representative said that the US would "withdraw its commitments to the WTO to open its markets to offshore-based internet gambling operators,: says Safe and Secure Internet Gambling Initiative.
According to Safe and Secure Internet Gambling Initiative, Sallie James, policy analyst at the Cato Institute's Center for Trade Policy Studies, says that the US's response "is unprecedented in dispute settlement history." She says that the she uses the word response loosely. James spoke about the US's high-stakes response to the WTO at a Cato Institute Policy Forum in Washington, DC recently.
Withdrawing commitments from WTO would both damage WTO's credibility and be an affront to the other WTO members, says James, according to Safe and Secure Internet Gambling Initiative. Other countries are also seeking compensation from the US for economic injury that resulted from the trade agreement violation. The European Union (who represents 27 states in the disagreement), India, Japan, Australia, Canada , Costa Rica, Macao, and CARICOM (who represent 15 Caribbean nations) are all seeking compensation.
According to Safe and Secure Internet Gambling Initiative, Sallie James, policy analyst at the Cato Institute's Center for Trade Policy Studies, says that the US's response "is unprecedented in dispute settlement history." She says that the she uses the word response loosely. James spoke about the US's high-stakes response to the WTO at a Cato Institute Policy Forum in Washington, DC recently.
Withdrawing commitments from WTO would both damage WTO's credibility and be an affront to the other WTO members, says James, according to Safe and Secure Internet Gambling Initiative. Other countries are also seeking compensation from the US for economic injury that resulted from the trade agreement violation. The European Union (who represents 27 states in the disagreement), India, Japan, Australia, Canada , Costa Rica, Macao, and CARICOM (who represent 15 Caribbean nations) are all seeking compensation.
|
|