AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 126.99 Decreased By ▼ -1.00 (-0.78%)
BOP 6.60 No Change ▼ 0.00 (0%)
CNERGY 4.47 Decreased By ▼ -0.13 (-2.83%)
DCL 8.61 Increased By ▲ 0.13 (1.53%)
DFML 41.70 Increased By ▲ 0.22 (0.53%)
DGKC 87.00 Increased By ▲ 0.42 (0.49%)
FCCL 32.16 Increased By ▲ 0.02 (0.06%)
FFBL 64.86 Decreased By ▼ -0.56 (-0.86%)
FFL 10.18 Decreased By ▼ -0.07 (-0.68%)
HUBC 109.44 Decreased By ▼ -1.05 (-0.95%)
HUMNL 14.70 Decreased By ▼ -0.05 (-0.34%)
KEL 5.14 Increased By ▲ 0.01 (0.19%)
KOSM 7.47 Increased By ▲ 0.35 (4.92%)
MLCF 41.21 Decreased By ▼ -0.44 (-1.06%)
NBP 59.95 Decreased By ▼ -0.14 (-0.23%)
OGDC 195.00 Increased By ▲ 0.31 (0.16%)
PAEL 28.33 Increased By ▲ 0.38 (1.36%)
PIBTL 7.79 Decreased By ▼ -0.21 (-2.63%)
PPL 151.27 Increased By ▲ 0.10 (0.07%)
PRL 26.45 Decreased By ▼ -0.43 (-1.6%)
PTC 16.18 Increased By ▲ 0.18 (1.13%)
SEARL 78.30 Increased By ▲ 0.10 (0.13%)
TELE 7.46 Increased By ▲ 0.07 (0.95%)
TOMCL 35.47 Decreased By ▼ -0.20 (-0.56%)
TPLP 8.24 Increased By ▲ 0.33 (4.17%)
TREET 16.00 Increased By ▲ 0.11 (0.69%)
TRG 52.84 Increased By ▲ 0.08 (0.15%)
UNITY 26.50 Decreased By ▼ -0.05 (-0.19%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,888 Decreased By -32.2 (-0.32%)
BR30 30,693 Decreased By -58.2 (-0.19%)
KSE100 93,121 Decreased By -103.2 (-0.11%)
KSE30 28,839 Decreased By -46.4 (-0.16%)

The United States and the European Union have agreed to join forces to fight soaring trade in counterfeited goods which the EU's trade chief said could be worth as much as 360 billion euros ($423 billion) a year.
EU Trade Commissioner Peter Mandelson said on Wednesday Brussels and Washington would set up "a focused and comprehensive co-operation process" to protect intellectual property rights, sharing information and planning joint action.
"ln doing so we will send a message to the rest of the world - we are heading towards zero tolerance of theft of our intellectual property," he told reporters.
"The issue is that the global trade in counterfeited goods now equals ... the entire total of transatlantic trade, Mandelson said. "Others need to change their behaviour, need to change their enforcement."
Neither Mandelson nor US Commerce Secretary Carlos Gutierrez identified any countries as the focus of the new push on pirated goods.
But Washington has previously said China needs to make progress in combating piracy and counterfeiting.
"This is clearly a government-wide effort and we are putting the full resources of the US federal government behind the subject of intellectual property rights and it starts at the top with our president," Gutierrez told Wednesday's news conference.
Mandelson said the EU and the United States were the world's two largest net importers of pirated and counterfeited goods.

Copyright Reuters, 2005

Comments

Comments are closed.