US Keeps China, In­dia on IP Shame List

The Economic Times - - Companies: Pursuit Of Profit -

Wash­ing­ton: US Trade Rep­re­sen­ta­tive Michael Fro­man speaks to re­porters af­ter a meet­ing with Ja­pan’s Eco­nom­ics Min­is­ter Akira Amari in Tokyo on April 19, 2015. The Obama ad­min­is­tra­tion on Wed­nes­day kept China, Rus­sia and In­dia on its an­nual list of coun­tries with the worst records of pre­vent­ing the theft of in­tel­lec­tual prop­erty (IP) and cited Switzer­land for fail­ing to curb on­line copy­right in­fringe­ments.

The an­nual list, re­leased by the US Trade Rep­re­sen­ta­tive’s Of­fice, car­ries no threat of sanc­tions, but aims to shame govern­ments into crack­ing down on piracy, coun­ter­feit­ing and up­dat­ing their copy­right laws.

“In­tel­lec­tual prop­erty is a cri- tical source of eco­nomic growth and high-qual­ity jobs for the United States, and it is more im­por­tant than ever to prevent for­eign govern­ments and com­peti­tors from rip­ping off United States in­no­va­tors who are try­ing to sup­port high­pay­ing jobs by ex­port­ing their goods and ser­vices to con­sumers around the world,” US Trade Rep­re­sen­ta­tive Michael Fro­man said in a statement.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.