The Intellectual Property chapter in a final Trans-Pacific...
The Intellectual Property chapter in a final Trans-Pacific Partnership deal must ensure trade secret protection and violation enforcement, said National Association of Manufacturers Senior Director Christopher Moore in a Tuesday post (http://bit.ly/1bRNvwO). Improving trade secret domestic laws and international agreement…
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provisions is critical, due to the ever-increasing value of trade secret protection, said Moore. “Trade secrets are often subject to much weaker legal protections than other intangible assets. Once disclosed, their value cannot be recovered,” said Moore. “In recent years, trade secrets misappropriation has risen rapidly due to greater global workforce mobility, increased international competition and the proliferation of digital devices that multiply opportunities for cyber theft.” The U.S. Cyber Command believes trade secret theft is costing U.S. businesses $250 billion annually, said Moore. U.S. negotiations are convening in Salt Lake City this week to hash out IP provisions, among other unresolved issues. The Obama administration has targeted the conclusion of negotiations with the 12 TPP participant nations this year. WikiLeaks last week published a secret TPP IP chapter, allegedly disseminated at a summit in late August (CD Nov 14 p21). Moore called the leak the “most boring scoop ever” but beneficial nonetheless because it “put the spotlight in the right place."