ITC Releases Study on Chinese Intellectual Property Theft
The U.S. International Trade Committee (ITC) released a study today on China's theft of U.S. intellectual property.
The National Association of Manufacturer's blog, Shopfloor stated:
To no one’s surprise, the Commission found that massive Intellectual Property Rights (IPR) infringement harms market opportunities in China and significantly diminishes the income for U.S. companies whose products are counterfeited and pirated in China (as well as other markets, including the United States).
Further, China is engaged in a concerted effort to promote so-called “indigenous innovation” policies designed with the sole intent of keeping U.S. and other foreign firms out of the huge Chinese government procurement market by requiring the development and purchase of Chinese products and technologies, sometimes through the forced transfer of technology as a prerequisite for foreign participation.
NAM predicts that the U.S. will use this as leverage in future trade talks with China.
Read the full ITC study here.
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