Taking advantage of the WTO regulations
July 19, 2009, 4:58 am (8 years ago)
The esteemed publication Techdirt.com had a fascinating writing regarding an online music supplier that seems to profit from World Trade Organization findings on the Internet gambling argument between the United States and the government of Antigua and Barbuda.
The article gives background by summarizing the story of how the small Caribbean online gambling authority battled a long-period WTO conflict with the United States that concluded in the WTO ruling that the US had been out of line and biased in its trades with the Antiguans, who were as a result due some recompense.
Techdirt properly watches that the following the years of stonewalling and plain disregarding its responsibilities, the US was in the end placed in a position where, at the end of 2007, the WTO consented to allow Antigua disregard US intellectual possessions rights, but only to the volume of $21 million.