On Friday, the U.S. Trade Representative (USTR) office released their annual Special 301 Report, listing trading partners that aren’t adequately protecting or enforcing intellectual property (IP) rights.
In total, there are 36 countries on the Priority Watch List or Watch List. On the Priority Watch List are 12 countries: Algeria, Argentina, Canada, Chile, China, Columbia, Indonesia, Kuwait, Russia, Ukraine and Venezuela. For the 14thconsecutive year, China made the list.
“The ideas and creativity of American entrepreneurs fuel economic growth and employ millions of hardworking Americans,” said U.S. Trade Representative Robert Lighthizer. “This report sends a clear signal to our trading partners that the protection of Americans’ intellectual property rights is a top priority of the Trump Administration.”
Estimates from the U.S. government show IP-intensive industry directly and indirectly support roughly 30 percent of all employment in the U.S., a total of 45.5 million jobs.
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