Maybe The US Can Ignore Antigua, But EU Is Another Story

from the high-stakes dept

Antigua can complain all it wants about the US blocking its online gambling industry, but its threats are dulled by the fact that Antigua doesn't represent a major trading partner. So, other than setting up some sort of allofmp3.com-style music site, there's not much it can do to retaliate. But now the EU is jumping into the fray, complaining that the US' move to block online gambling sites contravenes WTO agreements. And unlike Antigua, the EU does have serious retaliatory weapons at its disposal because it's such an important trading partner. Unfortunately for online gambling enthusiasts, the EU isn't trying to get the ban overturned, but it's exploring how it can be compensated for lost business. Most likely, it will seek to slap certain US goods with high tariffs. An economist would say that retaliatory trade barriers don't make any sense and that they essentially amount to cutting off one's nose to spite their face. However, that's never stopped countries from engaging in this practice in the past. Given that the WTO is likely to side with the EU on this question (as it has with Antigua), it would appear that the US will have to pay a price for its stance.

Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. identicon
    Anonymous Coward, 21 Jun 2007 @ 6:55am

    Re: What a hypocrite

    Well you mis-read what I typed. What I said was

    "1.) I don't have a problem with people gaining access to online gambling"

    I'm not sure what part of that you don't understand.

    "2.)(figuratively speaking) I'll be damned if I let someone tell me how I run my household."

    "Figuratively speaking" being the key phrase here. Meaning, if a country chooses NOT to have something then what right does any other country have to attempt to force thier buisness practices on them.

    In this instance, the EU doesn't give a rats ass if Americans or anybody else for that matter can gamble online or not, they just want to figure out how to line thier pockets.

    Please try to read the story (and my posts) alittle more clearly. You may actually learn something :)

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here



Subscribe to the Techdirt Daily newsletter




Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)

Follow Techdirt
Special Affiliate Offer

Advertisement
Report this ad  |  Hide Techdirt ads
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Advertisement
Report this ad  |  Hide Techdirt ads
Recent Stories
Advertisement
Report this ad  |  Hide Techdirt ads

Close

Email This

This feature is only available to registered users. Register or sign in to use it.