The Good Neighbour Policy is an agreement amongst horse racing jurisdictions that they shall not provide betting on horse racing to residents of other signatory jurisdictions without the permission of that signatory jurisdiction, nor solicit, market nor advertise betting without prior authorisation from that other signatory jurisdiction. Horse-racing is an equestrian sporting activity which has been practiced over the centuries; the chariot races of Roman times were an early example, as was the contest of the steeds of the god Odin and the giant Hrungnir in Norse mythology. ... Gambling (or betting) is any behavior involving risking money or valuables (making a wager or placing a stake) on the outcome of a game, contest, or other event in which the outcome of that activity depends partially or totally upon chance or upon ones ability to do something. ... Horse-racing is an equestrian sporting activity which has been practiced over the centuries; the chariot races of Roman times were an early example, as was the contest of the steeds of the god Odin and the giant Hrungnir in Norse mythology. ...

The signatories to the agreement stated that its purpose was to show their unity in the cracking down on illegal, unlicenced or unauthorised offshore bookmakers on horse racing, in order to protect the revenue of the signatories. A bookmaker, or a bookie, is an organisation or a person that takes bets and may pay winnings depending upon results and, depending on the nature of the bet, the odds. ... Horse-racing is an equestrian sporting activity which has been practiced over the centuries; the chariot races of Roman times were an early example, as was the contest of the steeds of the god Odin and the giant Hrungnir in Norse mythology. ...

It is viewed by some informed and interested observers as documenting an international cartel to defend the signatories from competition from commercial bookmakers and bet exchanges so as to maintain higher profits for themselves. A cartel is a group of producers whose goal it is to fix prices, to limit supply and to limit competition. ... Competition is the act of striving against another force for the purpose of achieving dominance or attaining a reward or goal, or out of a biological imperative such as survival. ... A bookmaker, or a bookie, is an organisation or a person that takes bets and may pay winnings depending upon results and, depending on the nature of the bet, the odds. ... A bet exchange or p2p gambling web site is a fairly recent Internet phenomenon, and is used to describe a web site acting as a broker between parties for the placement of bets (gambling, in other words). ... Profit is a positive return made on an investment by an individual or by business operations. ...

Initially signed by the Hong Kong Jockey Club and the Japan Racing Association in 2002. On September 1, 2003, representatives from the Australian Racing Board, the Hong Kong Jockey Club, the Turf Authorities of India, the Japan Racing Association, the Korea Racing Association, New Zealand Thoroughbred Racing, the Singapore Turf Club and the Jockey Club of Turkey signed the multilateral agreement in Hong Kong on September 1, 2003. The Asian Racing Federation also endorsed the agreement. The Hong Kong Jockey Club (HKJC, 香港賽馬會) (formerly The Royal Hong Kong Jockey Club, 英皇御准香港賽馬會) is a non-profit organisation providing horse racing, sporting and betting entertainments in Hong Kong. ... The Japan Racing Association (Japanese: 日本中央競馬会 Nihon Chūō Keiba Kai, or JRA) is a public company established to operate Chūō Keiba(中央競馬 Central horse racing)and to manage racecourses, betting facilities, and horse-traning facilities. ... 2002 (MMII) is a common year starting on Tuesday of the Gregorian calendar. ... September 1 is the 244th day of the year (245th in leap years). ... 2003 (MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... Multilateralism is an international relations term that refers to multiple countries working in concert. ... September 1 is the 244th day of the year (245th in leap years). ... 2003 (MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... The Asian Racing Federation is an international federation of horse racing governing bodies in Asia, most of which are government granted monopolies. ...

External links

• http://news.bbc.co.uk/1/hi/world/asia-pacific/3197061.stm
• http://racing.scmp.com/english/free/news/hkjc/Clubnews01092003.htm