The Antigua Sun is reporting that Antigua’s government will soon make a statement along the lines of "...that a proposal for the resolution of the trade dispute received from the U.S. last week has not been met favourably."
Apparently the American offer, delivered after a World Trade Organization (WTO) deadline passed, was apparently discussed by the Antigua Cabinet but was not well received.
In an interview with the Antigua Sun, the Caribbean nation’s Minister of Finance and the Economy Dr. Errol Cort confirmed he had forwarded a settlement proposal to US Trade Representative Ambassador Susan Schwab last January. In the proposal, Antigua and Barbuda agreed it would hold off on arbitration proceedings at the WTO until the end of March to give the US time to study the proposal. Although cautious, the minister hinted at an impending joint statement with the US Trade Representative as a result of the proposal.
If no such joint statement iis forthcoming, the Antigua government will issue its own independent statement.
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