Thursday, December 30, 2010

Section 337 investigation of transnational enterprises to lend to contain China enterprise transformation and upgrading

Although intellectual property issue has been the Sino-US trade friction of a focus, but as China's products from the extensive price competition towards high value-added brand and technology competition, many multinational enterprises in the field of intellectual property by virtue of its first mover advantage, frequent application of section 337 investigation suppressed Chinese exports and increasing its intent, to contain China enterprise transformation and upgrading. This is a press 26 in China Ministry of Commerce and the United States International Trade Commission jointly organized section 337 investigation seminar on.

The so-called 337 investigation, refers to the 1930 year draws under United States Tax Act No. 337 Festival, United States International Trade Commission responsible for the infringement in the US-registered intellectual property rights of unfair trade practices, and may take the exclusion order, restraining orders, and other measures to restrict imports of identified infringing products from entering the United States market.

Chinese Vice Minister of Commerce at Zhongshan, said that with the deepening of economic globalization, intellectual property is increasingly becoming the core elements of international competitiveness. Reasonable protection of intellectual property rights, in line with the common interests of both sides. He hoped that the two sides to Government, business and legal community communication, understanding, and deepen cooperation.

Zhongshan pointed out that in recent years, the United States International Trade Commission investigation of cases initiated by 337, increasing number of cases involving China's enterprises. China has been respected United States intellectual property rights and interests of people, understanding their hope through section 337 investigation maintenance legitimate and effective intellectual property rights. However, many enterprises, especially small and medium-sized enterprises in response to section 337 investigation process are often at a disadvantage, the appearance time limits and financial strength limit, is unable to effectively protect their legitimate interests.

Department of Commerce's fair trade official told reporters that the Chinese Government on section 337 investigation on the enterprise is very concerned about the adverse effects are strengthening on the one hand, and the United States departments of dialogue and negotiation, on the other hand also coordinate and encourage a positive response to professional associations, enterprises, and organizations involved in the preparation section 337 investigation Guide and case set, improve appearance.

It is reported that China has for six consecutive years ranked 337 investigation in connection with the country's first.

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