Antigua and Barbuda remain in deadlock with US

Antigua and Barbuda remain in deadlock with US

By site_editor

A Reuters report of June 22 2018, which is reported widely in US and Caribbean media, says that Antigua and Barbuda is "losing all hope" of a financial settlement in a long-running dispute with the United States and it may ask the head of the World Trade Organization (WTO) to mediate, Antiguan ambassador Ronald Sanders told the WTO on Friday.

The United States has responded by saying that Antigua and Barbuda is playing politics.

Antigua and Barbuda built up an Internet gambling industry to replace declining tourism revenues, but found itself shut out of the world's biggest gambling market.

It took its case to the WTO in 2003 and eventually won the right to compensation of $21 million annually, after the WTO judges upheld its complaint that US laws were discriminatory.

Washington has not paid out, and Sanders said his country had lost $315 million so far, equivalent to more than a quarter of its annual GDP and less than 0.1 percent of the U.S. economy.

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