Companies in Ohio that do business internationally may be affected by the ongoing negotiations between the U.S. and 11 other countries over the Trans-Pacific Partnership Agreement. The TPP talks, which involve countries lining the Pacific rim, seem to be stuck over intellectual property issues that could lead to business litigation, forcing negotiations into their 19th round. These trade negotiations would be considered game-changers in how the U.S. does business with those parts of the world.
Ohio casino industry analysts were watching developments as the Las Vegas gambling giant Sands Corp. was ordered by the U.S. government to pay $47.4 million under a 10-day deadline to avoid prosecution. The business litigation fell onto the casino company after federal authorities said that it had failed to tell them that a suspected international drug smuggler was making suspicious deposits while gambling at its Venetian-Palazzo hotel and casino.