« The ECB and intangibles | Main | Creative central banks »
December 19, 2007
Services trade as part of gambling settlement
According to press reports issued Monday, USTR has agreed to a settlement with the EU, Japan and Canada over our ban on foreign online gambling. The US will keep the ban, but as allowed under the trade rules, give other countries trade compensation:
"The agreement involves commitments to maintain our liberalized markets for warehousing services, technical testing services, research and development services and postal services relating to outbound international letters," said Gretchen Hamel, the USTR spokeswoman, in a statement.
I don't understand this. Does it mean we currently have restrictions on foreign technical testing services and R&D services? Or are we just promising not to put future restrictions on these services? And were there proposals for restrictions on technical testing and R&D services? (I hadn't heard of any). All very interesting.
Posted by Ken Jarboe at December 19, 2007 9:53 AM
Trackback Pings
TrackBack URL for this entry:
http://www.athenaalliance.org/mt/mt-tb.cgi/1706