The US set up on Friday a new office to combat copyright piracy worldwide and appointed a senior lawyer to marshal China's compliance with trade commitments.
The moves underline Washington's concerns over the rising costs of intellectual property (IP) theft and are part of a multipronged government effort to protect rights through enforcement, international cooperation, legislation and prevention programs, officials said.
"These two initiatives are another step forward to ensure that the United State is active and aggressive in enforcement of our rights under trade agreements," US Trade Representative Susan Schwab told reporters.
Intellectual property issues were previously covered by a unit in her office which also handled services and investment topics.
"Truth be told, we have been very active and engaged in intellectual property rights enforcement issues for many years but the IP office has been buried in a larger office that did services and investment," Schwab said after briefing Congress leaders on the issue.
"We are making this a stand-alone operation," she said, adding that "priority countries, including China and Russia" would garner special attention.
The trade representative's annual report on global intellectual property crime in April listed 48 countries on the government's watch list.
In addition to China and Russia, the report set out significant concerns with respect to Argentina, Belize, Brazil, Egypt, India, Indonesia, Israel, Lebanon, Paraguay, Turkey, Ukraine, and Venezuela.
Roy Blunt, majority whip of the House of Representatives and the legislative pointman for trade agreements, said the administration's moves to step up copyright enforcement underlined a "vigorous effort" to ensure that US trade agreements were fulfilled, especially by China.
"China is specifically a large and important trading partner of the United States and it is critically important for those exact reasons that China also be a responsible partner," he said.
The US suffered US$250 billion in annual losses, and 750,000 lost jobs due to intellectual property theft, Attorney General Alberto Gonzales said on Thursday.
"These staggering figures do not cover the costs of intellectual property theft to our economy and everyone involved in it, from consumers to workers to stockholders," he said.
While the US received some cooperation from Beijing in cracking down on intellectual property theft, "the fact remains that many commercial piracy cases now under investigation by federal law enforcement have a nexus to China," Gonzales said.
The US has previously warned that it was considering bringing a case in the WTO against China for failing to enforce intellectual property laws.
The US Attorney General's office is working with the trade representative to "improve the language" in free trade agreements and other international treaties regarding intellectual property protections, Gonzales said.
Schwab also announced on Friday the appointment of a chief counsel for China trade enforcement following a "top-to-bottom" review of bilateral trade relations.
Claire Reade, a leading international trade litigator for more than two decades, will coordinate the trade representative's efforts to ensure China's compliance with its trade commitments, particularly WTO and bilateral obligations, Schwab said.
COMPETITION: AMD, Intel and Qualcomm are unveiling new laptop and desktop parts in Las Vegas, arguing their technologies provide the best performance for AI workloads Advanced Micro Devices Inc (AMD), the second-biggest maker of computer processors, said its chips are to be used by Dell Technologies Inc for the first time in PCs sold to businesses. The chipmaker unveiled new processors it says would make AMD-based PCs the best at running artificial intelligence (AI) software. Dell has decided to use the chips in some of its computers aimed at business customers, AMD executives said at CES in Las Vegas on Monday. Dell’s embrace of AMD for corporate PCs — it already uses the chipmaker for consumer devices — is another blow for Intel Corp as the company
STIMULUS PLANS: An official said that China would increase funding from special treasury bonds and expand another program focused on key strategic sectors China is to sharply increase funding from ultra-long treasury bonds this year to spur business investment and consumer-boosting initiatives, a state planner official told a news conference yesterday, as Beijing cranks up fiscal stimulus to revitalize its faltering economy. Special treasury bonds would be used to fund large-scale equipment upgrades and consumer goods trade-ins, said Yuan Da (袁達), deputy secretary-general of the Chinese National Development and Reform Commission. “The size of ultra-long special government bond funds will be sharply increased this year to intensify and expand the implementation of the two new initiatives,” Yuan said. Under the program launched last year, consumers can
TECH PULL: Electronics heavyweights also attracted strong buying ahead of the CES, analysts said. Meanwhile, Asian markets were mixed amid Trump’s incoming presidency Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares yesterday closed at a new high in the wake of a rally among tech stocks on Wall Street on Friday, moving the TAIEX sharply higher by more than 600 points. TSMC, the most heavily weighted stock in the TAIEX, rose 4.65 percent to close at a new high of NT$1,125, boosting its market value to NT$29.17 trillion (US$888 billion) and contributing about 400 points to the TAIEX’s rise. The TAIEX ended up 639.41 points, or 2.79 percent, at 23,547.71. Turnover totaled NT$406.478 billion, Taiwan Stock Exchange data showed. The surge in TSMC follows a positive performance
MediaTek Inc (聯發科) yesterday said it is teaming up with Nvidia Corp to develop a new chip for artificial intelligence (AI) supercomputers that uses architecture licensed from Arm Holdings PLC. The new product is targeting AI researchers, data scientists and students rather than the mass PC market, the company said. The announcement comes as MediaTek makes efforts to add AI capabilities to its Dimensity chips for smartphones and tablets, Genio family for the Internet of Things devices, Pentonic series of smart TVs, Kompanio line of Arm-based Chromebooks, along with the Dimensity auto platform for vehicles. MeidaTek, the world’s largest chip designer for smartphones