While Upset about Piracy, EU More Serene about China than US
Compared to Washington, the European Union has been serene about piracy in China of its trademarks, copyright and patents. Can that last?
Violations of intellectual property rights, trademarks and patents held by EU companies and researchers will be high on the agenda when European Commission President Manuel Barroso leads a large delegation into two days of economic and trade talks in Beijing starting Thursday.
The EU estimates pirated goods cost EU businesses €21 billion (US$33.3 billion) in lost trade annually — about a third of current EU exports to China. But unlike the United States, it has to date not pursued any Chinese piracy cases in the World Trade Organization.
Read also Facts on the EU-China trade relationship from AP.