Trump or­ders probe of China’s in­tel­lec­tual prop­erty rules

Muscat Daily - - BUSINESS -

Wash­ing­ton, US - US Pres­i­dent Don­ald Trump will sign a mem­o­ran­dum on Mon­day that could lead to sanc­tions against China over its in­tel­lec­tual prop­erty prac­tices, ad­min­is­tra­tion of­fi­cials said Satur­day.

Trump will di­rect US Trade Rep­re­sen­ta­tive Robert Lighthizer to de­ter­mine whether any Chi­nese laws, poli­cies or prac­tices dis­crim­i­nate against or harm Amer­i­can in­no­va­tors and tech­nol­ogy com­pa­nies, the of­fi­cials said. If so, Lighthizer would have ‘broad pow­ers’ to seek re­me­dial ac­tion.

The of­fi­cials, who spoke on con­di­tion of anonymity, bluntly ac­cused China of ‘steal­ing our in­tel­lec­tual prop­erty’ - long a con­cern of West­ern com­pa­nies seek­ing a share of the enor­mous Chi­nese mar­ket.

The process Lighthizer will ini­ti­ate, un­der Ar­ti­cle 302b of the US Com­mer­cial Code, could take as long as a year to yield its find­ings.

The US of­fi­cials said ‘Chi­nese com­mer­cial pol­icy has a ma­jor goal, the ac­qui­si­tion and the ab­sorp­tion of the in­tel­lec­tual prop­erty of the United States and other world’.

‘Most Amer­i­cans are fully aware that China is steal­ing our in­tel­lec­tual prop­erty’, they added. ‘What they may not know is that China is also forc­ing and co­erc­ing Amer­i­can com­pa­nies that op­er­ate in China to turn over their tech­nolo­gies’.

US of­fi­cials will par­tic­u­larly ex­am­ine the role of joint ven­tures, the mixed for­eign-andChi­nese com­pa­nies whose es­tab­lish­ment is re­quired for any out­side busi­ness wish­ing to sell its prod­ucts in China.

‘China also funds and fa­cil­i­tates the ac­qui­si­tion of US firms that pos­sess ad­vanced tech­nolo­gies’, the of­fi­cials said. coun­tries around the

(AFP)

US Pres­i­dent Don­ald Trump

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