Saturday, August 05, 2006

A gambling case before WTO

The following interesting and cheery news via madisonian.net and
http://scrivenerserror.blogspot.com/2006/08/up-down-and-strange-but-ch_115470362238672778.html

From
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/03/AR2006080301390_pf.html;
"Scoffing, the Antiguans are asking the WTO to declare that Washington is defying its ruling. Many experts expect Antigua to win again, after months of delay.

Then comes the hard part for Antigua.

The WTO cannot force a country to do anything. Even if found guilty, a country can refuse to change its trade practices. The WTO largely enforces its rulings by giving the victorious country the right to impose punitive duties on the loser's products.

That enforcement mechanism works for big, rich countries such as the United States because other nations fear losing the vast U.S. market. But Antigua's economy is so tiny that few U.S. companies would notice.

"The WTO gives the little guys clout, but it cannot guarantee symmetry of justice," said Claude Barfield, a trade expert at the American Enterprise Institute.

So the Antiguans plan to ask the WTO for the right to impose sanctions that would hurt -- namely, permission to copy and export U.S.-made DVDs, CDs and similar material. Hollywood is not amused."

Read the full story at the above link to Washington Post.

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