|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

China to Boost Protection of Intellectual Property Rights

BEIJING – China will boost protection of intellectual property rights for foreign businesses in order to strengthen competitiveness and to further open up the economy, President Xi Jinping announced on Tuesday at the inaugural session of the Boao Forum for Asia.

The Boao Forum, which will continue until Wednesday, is being held even as fears of a possible trade war between China and the United States loom large after US President Donald Trump imposed tariffs on Chinese imports and China retaliated with similar measures.

“Stronger IPR protection is the requirement of foreign enterprises, and even more so of Chinese enterprises,” Xi said in his keynote speech at the forum.

Although Xi did not directly refer to Trump’s protectionism, he said a “Cold War mentality” was now more redundant than ever.

“Openness versus isolation, and progress versus decline, humanity has a major choice to make,” Xi said.

He added China would comply with rules of international trade, increase transparency, implement laws, support competition and oppose monopoly.

China is set to re-establish the State Intellectual Property Office this year to step up law enforcement, raise punishments for offenders and promote technological transfer between national and international companies.

According to the president, within the first six months of this year, the government would conclude the review of the black list of sectors where investment is restricted and remove “systematic obstacles” that make correct asset allocation difficult.

Xi also announced that China would increase the volume of its imports and reduce tariffs on the purchase of foreign vehicles and other foreign products to try and fix its trade balance, widely criticized for being skewed in China’s favor.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2021 © All rights reserved