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U.S. Chamber Praises APEC Best Practices for Trade Secret Protection
WASHINGTON, D.C.— The U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) hailed the announcement by Asia-Pacific Economic Cooperation (APEC) Leaders and Ministers in Lima, Peru, of agreement on a set of Best Practices in Trade Secret Protection and Enforcement Against Misappropriation. GIPC Executive Vice President Mark Elliot issued the following statement:
“Asia-Pacific leaders took an important step toward establishing an effective global standard for the protection of trade secrets. Together with U.S. enactment of the Defend Trade Secrets Act earlier this year, the APEC agreement provides critical momentum for widespread adoption of principles and practices that foster economic growth and innovation by protecting intellectual property. In an era of unprecedented cyber-security threats, countries need tools like these to protect innovators’ and creators’ most valuable assets: their ideas. We congratulate APEC Leaders and Ministers for their foresight in promoting international protection of trade secrets.”
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.