By Paul Morinville and Terry Fokas
Several months ago, the Trump Administration launched an investigation into Chinese trade policies that are responsible for expropriating American intellectual property (patents, trademarks, copyrights). This investigation is premised upon Section 301 of the Trade Act of 1974 which gives the President the authority to take all appropriate action, including retaliatory action, against China if the U.S. concludes that China’s policies on intellectual property are discriminatory and place American companies at a competitive disadvantage to Chinese companies. But, are China’s policies on intellectual property really the problem hindering America’s global competitiveness?
The Chinese patent system has come a long way since the first intellectual property laws were passed in China in 1985. Many would argue that China’s budding patent system has actually surpassed America’s older and more established patent system (which has been around since 1790 when then-President George Washington signed the first U.S. patent) in speed and efficiency and in providing strong patent protection to innovative companies and emerging startups as well as to individual inventors.
Click here to read the full article at IP Watchdog.