Online Gambling: US protectionism poses threat to world trade

Minister of Finance and the Economy Dr. Errol Cort has said that US protectionism can threaten international trade.
Speaking during the 37th annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB), Dr. Cort provided a review of the ongoing cross-border Internet gambling dispute with the US as part of a wider update on economic and social developments in Antigua & Barbuda.
He outlined the almost five-year process during which Antigua & Barbuda has sought to employ the avenues open to it at the World Trade Organisation (WTO). Dr. Cort noted that the US has sought to adopt more protectionist stances, refusing to comply with WTO rulings in Antigua & Barbuda’s favour.
This, he said, “could significantly impede the international trade agenda and provide a prima facie basis for legitimately questioning whether there is true fairness and equity in the world trade system.”
These challenges notwithstanding, Dr. Cort said that Antigua & Barbuda will “continue to pursue avenues for collaboration with the US to ensure a mutually satisfactory outcome.”
Dr. Cort also addressed matters of regional integration, starting at the meeting that the government had sought to operationalise the Caricom Single Market and Economy.
He stressed that the government was committed to the integration process, but pointed Antigua & Barbuda “remained resolute that there be a concerted effort towards the expeditious implementation of the Development Fund in a manner that would ensure the equitable distribution of the benefits of the CSM across member states.”The operationalisation of the Regional Development Fund has been a sticking point for OECS states, which have expressed fears that they could be sidelined in the regional integration process unless disadvantaged states were given funding necessary to upgrade their systems. 

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