U.S. Chamber Statement on USTR Notorious Markets List
WASHINGTON, D.C. — David Hirschmann, president & CEO of the U.S. Chamber of Commerce’s Global Intellectual Property Center, today released the following statement in response to the release of the 2016 Notorious Markets List from United States Trade Representative (USTR) Michael Froman:
“Today’s report on notorious markets underscores the growing problem we face in a global economy where counterfeiting and piracy have exploded in recent years. According to the latest statistics from the OECD and the U.S. Chamber’s own global counterfeiting report, the counterfeit good trade has almost doubled in value since 2008, accounting for an estimated $461 billion annually. These numbers represent a very real threat to legitimate businesses, millions of jobs, and the safety and security of billions of consumers around the globe.
“Identifying the sources of the problem is half the battle; USTR’s report provides valuable intel governments can use to address these issues in a coordinated manner. The business community stands ready to work with partners around the world to tackle these challenges that threaten the safety, validity, and access of global markets.”
The Chamber’s Global Intellectual Property Center is working around the world to champion intellectual property (IP) rights as vital to creating jobs, saving lives, advancing global economic growth, and generating breakthrough solutions to global challenges.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.