Senators Blast China on IP Enforcement

On Monday, two prominent U.S. Senators released a new government report (US International Trade Commission study) showing that "widespread counterfeiting and piracy in China" has had an impact on U.S. economic interests. Senate Finance Committee Chairman Max Baucus and Senator Charles Grassley, who requested the report, are highlighting its findings because high-level US China trade talks are taking place this week in Washington.

"China continually fails to protect and enforce American intellectual property rights and discriminates against American businesses," Senate Finance Committee Chairman Max Baucus said in a statement that accompanied the report.

"Small steps and empty promises won’t cut it when American jobs are on the line. This week’s US China trade talks are the perfect opportunity for China to make serious commitments to address these issues. It is time for action," Baucus added.

Source: MoneyControl.com

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