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US Secretary of Commerce Announce IP Rights Initiative

Wed, 21 Sep 2005 16:50:00 EST

"U.S. Secretary of Commerce Carlos M. Gutierrez, on his first visit to Silicon Valley since taking office, told Mercury News editors and reporters Wednesday that the Bush administration plans to beef up enforcement of intellectual property rights violations that cost U.S. companies an estimated $250 billion a year in lost sales."

"U.S. Secretary of Commerce Carlos M. Gutierrez, on his first visit to Silicon Valley since taking office, told Mercury News editors and reporters Wednesday that the Bush administration plans to beef up enforcement of intellectual property rights violations that cost U.S. companies an estimated $250 billion a year in lost sales.

'More and more there's a price to be paid if you can't guarantee intellectual property right in your country,' he said.

Gutierrez said his department will expand its intellectual property rights 'academy,' and will put more monitors in countries such as China, Russia and Brazil, where product piracy is rampant.

He acknowledged the government is limited in its ability to protect U.S. intellectual property rights overseas, but said that countries that fail to protect those rights increasingly will pay a price."

Read more at Macon.com.

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