Intellectual property (formally known as Trade Related Aspects of Intellectual Property, or TRIPS) was the first scalp the developing countries took during the negotiations.
In the economic arena, we must directly counter abusive Chinese practices in the areas of trade, intellectual property, and currency valuation.
Negotiating States underlined that the draft Agreement respects fundamental rights and freedoms and does not go against the provisions of World Trade Organization (WTO) TRIPS Agreement (Agreement on Trade-Related Aspects of Intellectual Property Rights).
It was reaffirmed in the hotly contested Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement of 1994.
The president is determined to complete the reforms before the end of his term in 1998 -- tax reform, protection of intellectual property, retail trade liberalization, reform of the Philippine National Police, amendments to the Expanded Value Added Tax, more incentives to investors, judicial reforms.
"With respect to China, protection of intellectual property and trade secrets remains a serious and highly troubling issue, " said Undersecretary of State for Economic Affairs Robert Hormats, at the White House event, which marked the beginning of the new strategy.
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That would be a big blow to the cause of free trade, argues William Cornish, a specialist in intellectual property at the University of Cambridge.
Chen said that Romney believes China must obey the principles of free trade and put an end to its practice of manipulating the value of the yuan, erecting trade barriers against foreign companies and enabling Chinese enterprises to steal intellectual property to the detriment of American industries.
The United States has long accused India of dragging its feet on introducing intellectual property rights, and sought assurances in the last round of trade talks that India would pass laws that would enforce US copyright laws in India.
While hackers had financial motives in 75% of the cyber-attacks analysed for the report, in 20% of cases the perpetrators were after trade secrets or intellectual property, it stated.
The question then is how best to take full advantage of the benefits of a global economy without jeopardizing business-critical trade secrets and other valuable intellectual property.
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In an effort to protect both patients and patent holders and to harmonize patent protection for various types of goods, World Trade Organization members established minimum standards for protecting and enforcing intellectual property.
Michael Finger of the World Bank and Philip Schuler of the University of Maryland estimate that implementing commitments to improve trade procedures and establish technical and intellectual-property standards can cost more than a year's development budget for the poorest countries.
Intellectual property has gotten higher and higher up on the ladder of bilateral trade concerns.
Intellectual property, which consists of copyright, patents, trademarks, and trade secrets, has always been an important aspect of games.
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And as we talk about trade, as we talk about intellectual property rights, as we talk about currency, all of those are things that this administration, along with American businesses, want to see progress on in China.
The State Department will ensure that a consistent and "appropriate" message is delivered to foreign governments to communicate the administration's commitment to reducing the theft of intellectual property and the importance it places on more effective legal penalties and enforcement for trade-secret theft.
Third, we discussed a wide range of ways to promote trade and investment, from clean energy partnerships to the steps Canada can take to strengthen intellectual property rights.
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On trade secrets, again, I would refer you to the rollout later today that the OMB's Office of the Intellectual Property Enforcement Coordinator will be releasing as part of the administration's strategy to mitigate the theft of U.S. trade secrets.
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