President Barack Obama announced during the State of the Union address Tuesday evening the creation of a Trade Enforcement Unit to address trade problems, including the online piracy of intellectual property.
“It’s not right when another country lets our movies, music, and software be pirated. It’s not fair when foreign manufacturers have a leg up on ours only because they’re heavily subsidized,” said Obama. (RELATED: Full State of the Union coverage)
China has been recognized as a major source of American intellectual property theft. IP theft includes the piracy of movies, music, software, high-technology, pharmaceutical drugs and video games. IP theft also includes patents, trademarks and blueprints.
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