Contact Information: CONTACT: Charlene Flick USCIB +1 212.703.5097
Multinationals Welcome Plans for Anti-Counterfeiting Pact
| Source: USCIB
NEW YORK, NY--(Marketwire - October 23, 2007) - Plans for a new international agreement to
coordinate enforcement efforts to curtail counterfeit goods won a thumbs-up
today from representatives of America's top global companies. The United
States Council for International Business (USCIB), whose members include
more than 300 U.S.-based multinational companies and affiliated
organizations, said better enforcement was urgently needed to stop an
epidemic of intellectual property rights theft.
Representatives of the United States, European Union, Japan and other
countries plan to launch negotiations leading to a new multilateral
agreement to strengthen common standards for intellectual property rights
enforcement. The governments said they hoped other developed and
developing countries committed to intellectual property rights enforcement
would quickly sign on to the agreement.
"If successful, this initiative could be a major turning point in the
worldwide fight against fake products," said USCIB President Peter M.
Robinson. "Rampant counterfeiting and piracy threaten not just companies'
bottom lines, but also the health and safety of consumers, the
competitiveness of national economies and the foundations of our global
economy. There are few more pressing concerns for global companies."
The proposed International Anti-Counterfeiting Trade Agreement would spell
out measures for better international coordination of anti-counterfeiting
efforts, put forward agreed best practices for enforcement and align
signatories' legal frameworks to ensure that adequate criminal, civil and
border protection measures are in place.
USCIB supports a statement from leaders of the International Chamber of
Commerce (ICC) and its BASCAP (Business Action to Stop Counterfeiting and
Piracy) initiative, offering to provide business views and expertise to
reinforce this new commitment by governments. BASCAP is a global effort to
coordinate the business community's response, across industry segments and
across national boundaries, in the fight against counterfeiting and piracy.
USCIB promotes an open system of global commerce in which business can
flourish and contribute to economic growth, human welfare and protection of
the environment. Its membership includes over 300 U.S. companies,
professional service firms and associations whose combined annual revenues
exceed $3.5 trillion. As American affiliate of the leading international
business and employers organizations, including ICC, USCIB provides
business views to policy makers and regulatory authorities worldwide and
works to facilitate international trade. More information is available at
www.uscib.org.