Re:Let’s Be Less Productive
by politician on Monday May 28, 2012 @04:34PM
(#4034838)
When the US outlawed US-based financial institutions from honoring transactions originating from the worldwide online gambling industry, Antigua sued the US at the WTO and won the right to violate ~$21M worth of copyrights (annually, IIRC).
This case illustrates two points, first, targeting companies or industries rather than their host nations is irrelevant from the perspective of the WTO. Second, the WTO has some very powerful tools for forcing member nations into compliance with its rulings.
This case illustrates two points, first, targeting companies or industries rather than their host nations is irrelevant from the perspective of the WTO. Second, the WTO has some very powerful tools for forcing member nations into compliance with its rulings.
[1] http://www.nytimes.com/2007/12/21/business/worldbusiness/21i...