US companies to invest once piracy is addressed

In case the Philippines is downgraded to a "priority foreign country" in the watch list, the worst category of intellectual property violators, its benefits under the generalized system of preferences, a preferential trade access scheme, can be suspended. The scheme allows the country to e...

Full description

Saved in:
Bibliographic Details
Published in:Business world (San Juan, Philippines) Philippines), 2005-10, p.1
Main Author: Iris Cecilia C. Gonzales with Jennifer A. Ng
Format: Article
Language:English
Subjects:
Copyright
Cosmetics
Counterfeiting
Cristobal, Adrian Jr
Fowler, Peter N
Intellectual property
Piracy
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In case the Philippines is downgraded to a "priority foreign country" in the watch list, the worst category of intellectual property violators, its benefits under the generalized system of preferences, a preferential trade access scheme, can be suspended. The scheme allows the country to export certain products to the US at preferential tariff rates. The office said the amount, which has surpassed the P900 million worth of items seized for whole of 2004, is expected to rise further as the IP teams continue to sustain their anti-piracy drive not only in Metro Manila but also in provinces and key cities. The Customs bureau seized more than 60,000 pieces of fake products valued at P385.22 million. The seized items were books, toys, exercise equipment, glassware, footwear, clothes, fashion accessories, surgical instruments, cosmetic products, toiletries, school supplies, DVDs, VCDs and blank tapes.
ISSN:0116-3930