An End in Sight?
The United States and the European Union have been in discussions for months now
over appropriate and mutually acceptable compensation terms since the U.S.
abruptly withdrew from the international online casino gambling industry and
withdrew from international trade obligations. The online casinos issue was
first addressed by the World Trade Organisation on behalf of Antigua – but not
long after the U.S. brushed of Antigua’s compensation claims, the WTO opened up
the floor to other countries negatively affected by the U.S. withdrawal of trade
commitments. Once the EU took up the issue, the U.S. was essentially forced into
negotiations and could no longer “brush off” the WTO.
For that reason, the U.S. and the EU have both spent several months now
negotiating new trading terms that will make up for the EU no longer having
access to the U.S. online casino gambling industry. But as the negotiations have
stalled and been postponed several times, the EU Trade Commissioner, Peter
Mandelson, made a visit to the U.S. in the hopes of finding resolution to the
online casino related negotiations without going into binding arbitration
through the WTO.
Mandelson made a significant observation – he noted that negotiations with the
U.S. Trade Representatives have not gone very far, and that perhaps a more
successful approach to resolution lies in finding alternative online casino
gambling legislation through the U.S. Congress. For that reason, Mandelson not
only spoke at the Transatlantic Economic Cooperation meeting, but also took the
time to meet with members of the U.S. Congress that support neutralizing the
online casino ban.
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