The US government yesterday announced its intention to file two legal complaints with the World Trade Organisation (WTO) against China to stem the high levels of piracy there and tackle limited market access.
US trade representative Susan Schwab said that insufficient protection for intellectual property rights in China has led to losses of billions in sales for US software, music and film companies.
The US government estimates that piracy costs its economy between US$200bn and US$250bn a year, with up to US$24bn lost alone from sales of pirated goods in China.
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