BBC Caribbean News in Brief
Saturday, December 22nd, 2007The US faces $21m (£10.6m) in annual trade sanctions as a result of its online betting ban, the World Trade Organization has ruled.
Antigua and Barbuda was awarded the right to impose sanctions that target US services, copyrights and trademarks.
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| The WTO says this ruling cannot be appealed. |
Laws passed in the US in October 2006 effectively made it illegal for foreign internet gaming firms to trade there.
But in March the trade body delivered a final ruling saying that the US online betting ban was illegal.
Antigua had hoped to impose $3.4bn in retaliatory measures against the US and the amount awarded was described as a token gesture, given the massive size of the US economy.
The US said that Antigua’s claim was excessive and more than three times the size of Antigua’s entire economy.
“The United States is pleased that the figure arrived at by the arbitrator is over 100 times lower than Antigua’s claim,” said Sean Spicer, a spokesman for U.S. Trade Representative Susan Schwab.
Antigua, a former British colony of about 800,000 people, had been promoting electronic commerce as way to end the country’s reliance on tourism, which was hurt by a series of hurricanes in the late 1990s.
Piracy risk
The Caribbean nation is the smallest country to litigate a case successfully in the WTO’s 12-year-history.
The case had drawn the attention of US industry because Antigua has threatened to target US trademarks and copyright, which could make the nation a safe haven for intellectual property piracy.
The ruling could “establish a harmful precedent for a WTO member to affirmatively authorise what would otherwise be considered acts of piracy, counterfeiting or other forms of … infringement”, the US said.
The US and Antigua cannot appeal against Friday’s decision.
Mark Mendel, the lawyer who led the case for Antigua, said that the country was unlikely to violate US copyrights.
“Antigua doesn’t want to negate American intellectual property rights. They don’t want to sell … DVDs and copies of Microsoft Office.”
Unequal laws
Last year the US stopped US banks and credit card companies from processing payments to online gambling businesses outside the country, effectively killing off the market for overseas gambling firms.
About half of the world’s online gamblers are based in the US, and the market is estimated to be worth $15.5bn.
The WTO ruling said the US was breaking trade law by targeting online gambling firms, without equal application of the rules to US firms offering online betting on horse and dog racing.
Oil for bananas and sugar
Venezuelan President Hugo Chavez has said Central American and Caribbean states could pay for oil with services or products like bananas and sugar.
Mr Chavez had already offered this option to CARICOM countries.
A number of Caribbean leaders and other senior government officials were invited to Cuba for the summit.
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| Venezuela has extended its ‘oil for products’ offer |
Speaking in Cuba at the regional Petrocaribe summit of oil consumers and exporters, Mr Chavez said they were creating a “new geopolitics of oil”.
The group is not at the service of “imperialism and capitalists”, he said.
Venezuela supplies oil to 17 states in the Petrocaribe group at preferential rates, financed by low-interest loans.
Economic lifeline
At the summit in the southern city of Cienfuegos, Mr Chavez suggested extending an exchange scheme like the one between Venezuela and Cuba.
Venezuela sends nearly 100,000 barrels of subsidised oil a day to Cuba and in return, thousands of Cuban doctors and teachers offer free services in Venezuela.
Mr Chavez opened the summit with Cuba’s Acting President Raul Castro, greeting leaders from nearly a dozen countries.
Members of the Petrocaribe group have fragile economies, struggling to cope with rising oil prices.
The organisation is an economic lifeline for many of these countries, although Mr Chavez has acknowledged their debts to Venezuela are growing, says our correspondent.
Venezuela has the largest oil reserves outside the Middle East.
The Petrocaribe initiative allows signatory countries to defer payment on 40% of the oil they buy from Venezuela for up to 25 years, paying interest of only 1%.
Opposition criticise election announcement
The main opposition parties in Barbados have, as expected, blasted Prime Minister Owen Arthur’s timing of the announcement of an election date.
Mr Arthur made the crucial announcement on Thursday setting the elections for January 15th with Nomination Day on December 31st.
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| 30 seats at stake in the Barbados parliament (pictured here) |
Timing “insensitive“
David Thompson leader of the main opposition Democratic Labour Party has described it as “insensitive” for the announcement to be made at the height of Christmas festivities.
He says it allows only two weeks of campaigning to highlight the major issues.
Mr Thompson says however that his party has been in election mode since October last year.
Likewise David Commissiong, the leader of the newly formed People’s Empowerment Party, has questioned timing of the elections announcement and the date for the polls.
There are 30 seats at stake in the Barbados parliament.
Prime Minister Arthur’s Barbados Labour Party holds 23 with the Democratic Labour Party holding the other 7.
The last elections were in 2003. Then the DLP was lead by Clive Mascoll, who has since crossed the floor and is now a member of the Owen Arthur cabinet.
Up to a dozen heads of state from across the Caribbean and Latin America have been attending a regional fuel summit in Cuba hosted by acting President Raul Castro and his Venezuelan ally Hugo Chavez.
EPA deal sour
The regional banana marketing company says Caribbean banana farmers have gotten a raw deal in the recently signed trade deal with the European Union (EU).
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| WIBDECO says EPA not best deal for banana growers |
The Windward Islands Banana Development and Exporting Company (WIBDECO), said the Economic Partnership Agreement with the EU will not solve the problems of the Windward Islands banana industry.
Chief Executive Officer Bernard Cornibert said they were left holding the short end of the stick and that the deal will not come anywhere close to resolving the problems that the industry has faced over the years.
The EPA provides for duty free and quota free entry of Caribbean bananas into the EU.
However Cornibert said the duty free entry already exists and it is the quota free component that threatens the survival of the industry.







