US offers storage, fraction of loss to Antigua, EU

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The UK’s Financial Times has come out today with an article about the latest in the WTO/US/Antigua/EU skirmishes.
Basically, it says that the US has offered to reimburse the EU for the losses caused by the closure of the US gambling market by offering up storage, warehouse services and technical testing sections. Not only would these offerings not match up to the US $4 billion lost, but the US has offered those same things in other world trade talks, in a sort of two for nothing deal.
To Antigua and Barbados, which say they have lost a potential US $3.4 billion annually, the US replies that $500,000 would be a more accurate figure. Antigua says this is far too low, and mentions that it might be forced to ignore US patents and intellectual property, a decision that could cause far more in losses for the US.
The offers come near the end of the time period given by the WTO to respond to its ruling that the US should offer compensation for losses caused by the closure of the US gambling market.









