Theft of Intellectual Property

[claireokc]

Commentary One thing is sure: Washington has failed utterly in protecting American intellectual property (IP) from Chinese stealing. That failure has spanned decades under both Republicans and Democrats. Another thing may not be sure, but it is highly likely: Under President Joe Biden, this sad pattern will remain in place. For almost 40 years, every U.S. president has claimed to have taken action to stop Beijing from stealing intellectual property from U.S. businesses and inventors. All these efforts have failed, costing Americans, according to congressional research, billions of dollars a year. The first efforts to stop this pattern occurred while Ronald Reagan was still in the White House. In 1986 under the auspices of the World Trade Organization (WTO), Washington pressed to halt Chinese theft of patents and copyrights. The initiative yielded the so-called “Trading-Related Aspects of Intellectual Property Rights” agreement (TRIPS)....

Source: https://www.theepochtimes.com/theft-of- ... 83021.html