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Online Casinos Crumble WTO

The World Trade Organization is a powerful trade body that operates over all of the major industrialized nations that have signed certain trade agreements and international standards in trade. The WTO trade agreements are iron clad as long as every nation within the trade agreements not only consents to operating by those agreements, but to also accept the ruling and judgment of the WTO on trade related disputes. The US and its discriminatory online casino gambling legislation has the ability to topple the power of the WTO if the US does not quickly begin to respond to the organization’s rulings and mandates on the controversial UIGEA. More than two years ago the WTO ruled that the US was in breach of trade agreements by enacting the UIGEA – and in the intervening two years the US Trade Representatives have refused to negotiate new terms or alter the legislation.

The World Trade Organization works because it is an international agreement made by the heads of state from nations all over the world. These countries have agreed to defer to the WTO decision on matters of international trade and the breaching of trade agreements. But if the US chooses to continue ignoring the WTO and keeps the UIGEA and online casino gambling legislation in place, it will fundamentally shake the walls and foundation of this international and global trade body.

The US is creating a pretty controversial situation with the blatant disregard of WTO rulings that were decided by a panel of judges on several key issues that revolved around the online casino gambling situation. Antigua won a WTO case and the EU is currently in negotiations, and through it all the US has ignored the fact that the UIGEA contravenes international trade agreements from the early 90s. That is an issue that needs reckoning with immediately.