Tuesday 27 January 2009

China vows to help WTO on piracy

China has promised to co-operate in the global fight against counterfeit goods, in response to a highly critical ruling from the World Trade Organization.
The commerce ministry said it would "continue to promote international exchanges" on intellectual property rights, but gave no firm details.
In a US-backed case, the WTO ruled on Monday that Beijing ignored piracy of DVDs and its customs policies were lax.
US companies say Chinese piracy costs them billions of dollars every year.
In its ruling, the WTO largely supported the US claims against China and found Beijing had breached trade rules.
The WTO was particularly critical of Chinese customs for allowing seized goods to be reintroduced into the market.
And it said Beijing had turned a blind eye to piracy of DVDs and CDs.
The US has repeatedly accused China being a safe haven for product piracy, and some analysts believe the WTO decision takes Washington a step closer to seeking compensation for lost sales revenues caused by counterfeiting.
Europe has also had run-ins with Beijing on the issue.
Last year, the European Commission estimated that 60% of all counterfeit goods coming into Europe had originated in China.

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