Late last November, the government of Antigua gave notice to the World Trade Organisation’s (WTO) Disputes Settlement Body (DSB) that, if the United States did not reach “an appropriate and beneficial settlement” in relation to a legal adjudication made previously in its favour, it would act to recover the revenue it has lost.
At the root was a decision by the US government to invoke US federal laws namely, the Wire Act, the Travel Act, and Illegal Gambling Business Act to halt gaming companies incorporated in Antigua, and others, from providing such services on a cross border basis into the US.
In response, Antigua brought a WTO case against the US for the economic damage caused, and for violating its international obligations under the General Agreement on Trade in Services. The WTO’s arbitration panel found in Antigua’s favour and found that the US action had deprived Antigua of trade revenues.
In doing so, the arbitrator agreed to allow it to lift US intellectual property protection on up to US$21 million annually on, for example, copyrighted music, movies or books, in a manner that would enable the Antigua government to retain the royalties that would have otherwise gone to their US creators.
However, when it became apparent that the US was not prepared to reach a reasonable financial settlement, it informed the Disputes Settlement Body at its November 2016 meeting that it was prepared legally to enforce the suspension of copyright on the sale of US intellectual property, as allowed for by the WTO’s dispute settlement ruling of January 2013.
Grace Kennedy Brings Mobile Payments To Jamaica
Grace Kennedy Payment Services recently received a license and approval from the Bank of Jamaica to bring a mobile money solution to the island.
The service in question, Grace Kennedy Money Services (GKMS), is set to be offered at multiple locations around the island. It underwent a fairly wide-scale pilot project, with over 250 internal customers taking part over the course of nine months, and the early results were sufficiently positive to allow for expansions and official licensing.
GKMS operations will allow users to not only pay bills via the service, but also buy goods and services at retail outlets, add credit to mobile devices, and even engage in peer-to-peer (P2P) transfers among other services, which should allow it to fit nicely into several different industries on the island itself.
Those interested will be able to put the service to use starting this month, with GraceKennedy chief executive Don Wehby noting that the service would put Jamaica ahead of several other countries in the region.
Wehby further commented “GK MPay is a world-class service which makes use of the best technology in order to create a ‘one-stop shop’ for a range of transactions. This innovative product will help increase financial inclusion, while giving the financially savvy another safe, convenient way to transact business.”
Mobile payments have a great potential to add to a country’s ability to attract business interests and bolster internal customer experiences as well. It’s good news to see a new mobile payment option arrive on the scene, though it may not be all that helpful in the end.
C-Safe App by Powerful Ladies of Trinidad and Tobago (PLOTT) Being Utilised
C-SAFE; the free anti- crime app from the group, Powerful Ladies of Trinidad and Tobago (PLOTT), has already been downloaded more than 3,000 times and is used on a regular basis daily.
“C-SAFE has been downloaded about 3,500 times since it’s December 22 (2016) launch. The app is being accessed at least two to eight times a day, which means it’s being frequently utilised. So the usage is probably close to 30,000 in terms of the amount of times individuals are going on.” said co-founder, Gillian Wall.
They’re looking at tips, police alerts on theft, missing persons etc. People are also utilising the app to submit reports on electricity issues, water shortages, representation type issues, because there’s also that element,” Wall shared.
Users have the option to submit reports without including their personal information, such as gender, age and location. Regarding what the app is most frequently used to do, Ms. Wall told Newsday “the majority of the reports so far have been crime-related (as well as) water and electricity related. Those reports are all going to the relevant bodies.”