In the annual Special 301 Report from the U.S. Trade Representative, China and India are among the worst offenders in regards to enforcing intellectual property rights of many U.S. trading partners. The April 30, 2014, release of the report included ten nations that were highlighted on a “priority watch list.”
Although India has improved its legal framework for protecting the intellectual property of US trading partners, the piracy that currently runs rampant on the Internet and the trading of counterfeit goods are still a profound problem.
The lack of protection for trademarks, patents, copyrights and other trade secrets still poses a major problem for U.S. trade partners that do business with companies located in China.
Of course, we are stating the obvious here – right?