Will the EU Accept the American Compensation
October 30th, 2007Author: Mark Newman
After the withdrawal from World Trade Organization (WTO) the Government of the USA has made its first compensation offer to the European Union (EU). At the same time, some European gambling groups press the EU to consider the American compensation for losses suffered after Unlawful Internet Gambling Enforcement Act was passed to be inadequate.
The EU will be able to study the US compensatory offer until October 22. The offer is believed to include opening opportunities in the storage, warehouse services and technical testing sectors to make up for any economic damage caused by the US withdrawal from its trade obligations on online gambling in the Uruguay Round over a decade ago. The withdrawal took place after a lost by the Americans WTO dispute with the island nation of Antigua and Barbuda.
