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The WTO and Online Poker
- 2-20-2008
If you have kept up with the latest
news about online poker you have seen that different nations are fighting with
each other about online poker. The most relevant case for the
The WTO is the acronym for World Trade Organization. The WTO currently has 151 member nations. The WTO is a relatively new global organization but it has a large influence on global trade. The WTO basically sets rules for trade between nations. One of the main goals of the WTO is to promote trade between nations and provide dispute resolution if there is a problem. Before the WTO nations that had trade disputes would either go to war or create trade barriers (tariffs on imports, extra taxes, etc.) that generally limited trade. If a country enacts policies that limit trade it has an effect on other countries. Limiting trade is not something the WTO likes.
The idea behind the WTO is that each country adheres to the same set of rules. The rules are designed to promote trade between countries. If rules are broken the country takes their case to the WTO for resolution. The WTO looks at the merits of the case and decides what course of action to take. This is not a perfect method but it sure beats war.
The WTO is relevant to online poker
because the
