News

US Stalling in Antigua Gambling Trade Negotiations

23 Jul, 2008

 

The tiny nation of Antigua has waited this long, and it seems they will have to wait a little longer.

 

They have been in dispute with the US for several years now, claiming that by imposing the online gambling ban with the UIGEA, they significantly harmed Antigua's economy.

 

They won a surprise victory over the US when the World Trade Organisation sided with the island nation in their case.

The USA is supposed to pay compensation to the tune of $21 million, however no agreement has yet been made. The World Trade Organisation is involved in negotiations and representatives from the two sides met again this week in an attempt to resolve the matter.

 

American Trade Representative John Veroneau visited Antigua with a small delegation this week to continue negotiations. The US initially said they would pull out of the WTO so as not to be obliged to honour the agreement.

 

This left Antigua the option of getting their compensation via other routes such as manufacturing US films and music without paying copyright. This route was approved by the WTO.

 

The US continues to extend deadlines and no real progress has been made. The next deadline is 1st August. Antiguan Finance Minister Errol Cort estimates that it will still take another few months to reach a settlement.

 

Although Antigua would rather have America honour the WTO decision, if the US continues to stall
on the matter, they will be forced to take the intellectual property rights route in order to claim back what is rightly owed to them.