|According to The Tico Times, the United States and Costa Rica have agreed a compensation package after The White House breached of World Trade Organization (WTO) obligations involving online gambling.|
The Costa Rican daily newspaper stated that the trade dispute began when the US enacted laws designed to target online gambling, forcing the Central American nation to take the giant from the north to arbitration before the WTO. Under a WTO agreement on services, any country blocking access to one of a range of markets must provide compensation to the affected countries.
As compensation for cutting off Costa Rican access to online gambling customers in America, the US has agreed to offer greater access to other service markets including research and development, storage, technical testing and analysis. This is almost identical to the deal previously worked out between the US and Canada, Japan and the European Union over the same issue.
“The agreement has been satisfactory for the country,” read a statement from Marco Ruiz, Minister for Foreign Trade.