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Friday 01 February 2008

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Costa Rica Among The Best Tourist Destinations
Cancer Institute Found To Be Unconstitutional
Banco Central Cuts Short Term Rate
Costa Rica Files for New WTO Arbitration Against US
"Marero" Deported
Shortage of Yellow Fever Vaccine Continues
In Brief...


Costa Rica Files for New WTO Arbitration Against US
The ongoing international internet gambling dispute against the US by Costa Rica and Antigua reached a new level this week as both countries filed separately for World Trade Organization arbitration, seeking compensation in response to the US’s withdrawal from their commitment to cross border gambling services.

It is thought that this latest action is a final attempt for these countries to gain a fair settlement in this dispute.

Late last year the WTO ruled that Antigua could suspend intellectual property obligations to the US up to a value of us$21million per year, and the US negotiated further settlements with four of the eight nations claiming compensation, Japan, Canada, Australia and the EU.

The arbitration filing by Costa Rica and Antigua however clears the way for those countries to reconsider their settlement and file individual arbitration applications themselves, putting more pressure on the US to consider a more meaningful compensation package to all countries.

Jeffrey Sandman, spokesperson for the Safe and Secure Internet Gambling Initiative said: "It is time for the US to end its hypocritical practices that discriminate against foreign online gambling operators, while allowing U.S. gambling operators to accept bets for certain forms of gambling. Regulation of Internet gambling should be supported as a means to resolve this trade dispute."

It remains to be seen whether the US will decide to withdraw from its GATS (General Agreements on Trade in Services) commitments and undermine the global trading system, or if the US can reach an agreement to satisfy everyone.
 

 

 

 

 
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