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Thursday, October 26, 2006

The WTO takes a stand against U.S.laws against online gambling

In this article I found in the BBC News, the World Trade Organization, of which the U.S. is a member, is going to determine whether some U.S. laws banning online gambling are in line with WTO fair trade rules and regulations. The U.S. has had a long running legal battle over it's views on this matter with the Caribbean country of Antigua.
Partners of the WTO who fail to comply with it's rules are often subject to Major economic sanctions. Those sanctions include huge tariffs on their exports. Internet gambling supports the economies of many Caribbean countries, including Antigua. This allows them live less without their dependence on the tourism industry.


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