U.S. President launches inquiry into China’s alleged theft of intellectual property
August 16, 2017 Category IPR protection, Weekly
China will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce warned, after U.S. President Donald Trump authorized an inquiry into China’s alleged theft of intellectual property. It is the first direct trade measure by the Trump administration against China, although it is unlikely to prompt near-term change in commercial ties. U.S. Trade Representative Robert Lighthizer will have a year to decide whether to launch a formal investigation of China’s policies on intellectual property, which the White House and U.S. industry groups say are harming American businesses and jobs. The United States should respect objective facts, act prudently, abide by its World Trade Organization (WTO) pledges, and not destroy the principles of multilateralism, a Spokesman at China’s Ministry of Commerce said in a statement. “If the U.S. side ignores the facts and disrespects multilateral trade principles in taking actions that harm both sides’ trade interests, China will absolutely not sit by and watch, will inevitably adopt all appropriate measures and resolutely safeguard China’s lawful rights,” the South China Morning Post reports.
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