US, EU reach deal over online gambling

The United States will provide the European Union with new trade concessions in mail services and warehousing as part of a compensation deal over Washington's refusal to lift restrictions on Internet gambling, the EU said Monday.

The agreement also includes new U.S. market opportunities for European companies offering testing and analysis services, as well as in research and development, Brussels said in a statement.

The postal and courier concessions will affect how Germany's DHL, the express and logistics division of Deutsche Post World Net AG, competes with U.S.-based companies FedEx Corp. and UPS Inc., EU officials said.

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- Posted: 2007-12-17 10:52:55

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