But it was easy to identify points -- first and foremost, economic growth -- where we have common views, but we need to step up joint actions in order for our wishes to become a reality.

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The two bodies have taken the unusual step of releasing a joint policy statement on standards-essential patents (SEP) as their use in smartphone and tablet court cases, usually to shoo away Apple, has increased.

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Shan says he will be the largest shareholder in the joint venture and expects to be involved at every step.

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