IP Handbook - Home
The comprehensive guide to the world's leading tax firms

Print-friendly version

US to launch Trade Enforcement Unit

25 Jan 2012

US president Obama has pledged to get tougher on counterfeiting and piracy.

During his state of the union address last night, Obama said the US will create a new government body to investigate unfair trading practices in countries that export goods to the US.

“Tonight, I’m announcing the creation of a Trade Enforcement Unit that will be charged with investigating unfair trading practices in countries like China,” he said. He added that there will be more inspections to prevent counterfeit or unsafe goods from entering the country.

Obama pledged “to go anywhere in the world” to open new markets for American products.

“I will not stand by when our competitors don’t play by the rules,” he said. “We’ve brought trade cases against China at nearly twice the rate as the last administration – and it’s made a difference. Over a thousand Americans are working today because we stopped a surge in Chinese tires. But we need to do more. It’s not right when another country lets our movies, music, and software be pirated.”