Tuesday, November 07, 2017

Foreign Countries Are Infringing on American IP

In a recent article in the Washington Examiner, Dan Schneider, Executive Director of the American Conservative Union, discusses how intellectual property rights are under assault outside of the United States. For example, a report from the IP Commission finds that the U.S. loses between $225 billion and $600 billion in intellectual property each year. Moreover, the Fair Trade Commissions in Taiwan and South Korea have fined the American company Qualcomm for charging too high of a price to allow other companies to access its technology. 

In order to prevent IP infringements abroad, the Trump Administration should promote international trade agreements with strong IP rights protections - thereby encouraging creativity, innovation, and economic growth.