Antigua-Barbuda Continues Fight With US Over Trade Dispute

Mr. Harold Lovell, Finance and Economy Minister Antigua-Barbuda

An agreement has been reached in Antigua and Barbuda, with the nation’s gaming industry through the leadership of the Antigua and Barbuda Investment Authority, to collaborate to resolve a decade-long impasse with the United States Government over remote gaming services.

The newly formed partnership will fight for the billions of dollars lost in potential gaming revenue from the online gaming trade dispute caused by the United States’ failure to abide by numerous rulings of the World Trade Organization (WTO).The wider Caribbean region, including Antigua and Barbuda, has suffered economically as a result of the worst global economic crisis since the Great Depression.

A recovery of the remote gaming industry would have a substantial positive impact on the country’s ailing economy, adding diversity to the tourism industry which accounts for nearly 60 percent of gross domestic product (GDP) and 40 percent of investment.

The remote gaming industry, and other private businesses that would benefit from a resolution of this trade dispute, are donating both their time and financial resources to assist in this campaign.

© 2012 SAT Telecommunications Ltd.

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