Foreign Affairs Minister Charles Max Fernandez says he is optimistic that the long standing gaming dispute between Antigua and Barbuda and the United States will be resolved.
Minister Fernandez who was speaking during an interview this morning said he confident that an amicable resolution will be met by both bodies making mention to the fact that the former UPP Finance Minister Dr. Errol Cort is part of the government team to resolve issue.
The Minister while indicating his confidence said he also understands the frustration by Prime Minister Gaston Browne who was not as optimistic that a resolution is in the near future.
In 2003 authorities in the US applied measures which effectively shut down the lucrative online betting industry in the twin island state, and in 2007, the Dispute Settlement Body of the World Trade Organisation ruled that Antigua and Barbuda is entitled to receive US $21 million dollars annually from the United States as compensation after winning an arbitral award.
However that sum has never been paid and according to a release the amount now stands in excess of US$200 million.