US Chamber: Strategy Needed To Curb Piracy, Counterfeit Goods

The U.S. Chamber of Commerce on Thursday will urge the Obama administration to more aggressively protect companies' intellectual-property rights by cracking down on Internet piracy and the exchange of counterfeit goods.

The chamber held a roundtable discussion on Thursday, where it outlined its agenda regarding intellectual-property rights. The chamber sent letters to Congress and President Barack Obama with suggestions and called on the administration to outline its strategies by this summer.

“A government-wide national intellectual property strategy should be a fundamental part of our nation’s job strategy,” said David Hirschmann, the head of the Chamber’s Global Intellectual Property Center.

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“Waiving drug companies' intellectual property rights risks setting a bad precedent for future investment in new drugs. And that risk may not be worth it without additional steps to meaningfully increase the availability of shots across the world.”

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