Baucus Commends Decision to Continue Intellectual Property Negotiations

Finance Chairman Cites Need for Strong International Enforcement of U.S. Intellectual Property Rights

Washington, DC - Senate Finance Committee Chairman Max Baucus (D - Mont.) today lauded the Obama Administration’s decision to continue negotiations of the Anti-Counterfeiting Trade Agreement (ACTA). ACTA will strengthen international intellectual property (IP) rights enforcement, and better protect American products globally. Baucus also noted approvingly the Administration’s decision to increase transparency during the negotiations, including through a more robust dialogue with interested stakeholders.

“I am pleased the Obama Administration is moving forward with the ACTA negotiations,” Baucus said. “American ideas, creativity and products create jobs and fuel our economic growth. With the United States back at the negotiating table, I am confident we will conclude a strong and transparent agreement that continues to protect America’s ingenuity around the world.”

The United States began ACTA negotiations in June 2008. Once concluded, ACTA will provide for enhanced international IP cooperation and bolster the global fight against counterfeiting and piracy. The negotiations currently include several key trading partners, including Australia, Canada, Japan, Mexico, Korea, Singapore, Morocco, New Zealand, Switzerland, and the European Union.

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