Negotiations on the Trans-Pacific Partnership (TPP) between the United States and eleven Asia-Pacific nations have been ongoing for several years, but we are finally nearing a make-or-break point in the effort to promote stronger commercial engagement between our nations and set in place new rules on transparency and protections for American innovation and investment that will help raise standards much closer to what we in America have long taken for granted. Read More
Intellectual property (IP) theft is a crime that hurts everyone – including businesses, workers and consumers. It has a particularly devastating impact on manufacturing in the U.S. Stolen technology, pirated software and a variety of other IP theft across the globe costs manufacturers millions and undermines the principles of free enterprise and competition.
The National Association of Attorneys General weighed in on the subject of IP theft this week in a letter to the Federal Trade Commission (FTC) and Director of the Bureau of Competition. They note that one in six private sector jobs are dependent on the U.S. manufacturing base and the Association is seeking assistance from the FTC in addressing IP theft. Their research turned up several egregious examples of manufacturers suffering due to IP theft, including:
- “A California-based apparel manufacturer must compete with an Indian manufacturer that steals over $14 million in software;
- A Washington-based paper mill must compete with a Mexican paper manufacturer that uses over $10 million in stolen software;
- An Indiana-based parts manufacturer must face a Chinese competitor that steals over $5.2 million in software.”
The NAM is a leader in the fight against IP theft and it’s good to see a number of states involved and demanding more federal leadership on this issue.
President Obama challenged students in his “Back to School” speech Tuesday and he put his challenge in the context of global competition. An important message, and not just for students…
More and more, the kinds of opportunities that are open to you are going to be determined by how far you go in school. The farther you go in school, the farther you’re going to go in life. And at a time when other countries are competing with us like never before, when students around the world in Beijing, China, or Bangalore, India, are working harder than ever, and doing better than ever, your success in school is not just going to determine your success, it’s going to determine America’s success in the 21st century.