skinski
22-12-2007, 12:05 AM
WTO Clears $21M in Sanctions Vs. US
By BRADLEY S. KLAPPER – 5 hours ago
GENEVA (AP) — The United States faces a token $21 million in annual trade sanctions as a result of its online betting ban, the World Trade Organization said Friday in awarding Antigua and Barbuda the right to target U.S. services, copyrights and trademarks.
The decision is a setback for the Caribbean island nation, which sought the right to impose $3.4 billion in retaliatory measures against U.S. commercial services and intellectual property.
Washington acknowledged its Internet gambling restrictions were ruled illegal by the WTO, but argued that Antigua should only be compensated for about $500,000 for lost annual revenue.
For the rest of the story Click Here (http://ap.google.com/article/ALeqM5hK0rIeo9wzXhQ1LnVyzXLy53BtkgD8TLV9V80)
By BRADLEY S. KLAPPER – 5 hours ago
GENEVA (AP) — The United States faces a token $21 million in annual trade sanctions as a result of its online betting ban, the World Trade Organization said Friday in awarding Antigua and Barbuda the right to target U.S. services, copyrights and trademarks.
The decision is a setback for the Caribbean island nation, which sought the right to impose $3.4 billion in retaliatory measures against U.S. commercial services and intellectual property.
Washington acknowledged its Internet gambling restrictions were ruled illegal by the WTO, but argued that Antigua should only be compensated for about $500,000 for lost annual revenue.
For the rest of the story Click Here (http://ap.google.com/article/ALeqM5hK0rIeo9wzXhQ1LnVyzXLy53BtkgD8TLV9V80)