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US ENVOY URGES INCREASED IP RIGHTS IN PHILIPPINES.
CEBU CITY, Sept 2 Asia Pulse - A senior US Embassy official warned the Philippines will not succeeded in its aim to become the information technology hub of Asia if it does not tighten its implementation of the Intellectual Property Rights (IPR) Code.
Michael Malinowski, Charge' d' Affairs of the United States Embassy in Manila said IT investors would not risk their money in a country unless international standards of intellectual property (IP) protection were efficiently enforced.
"Weak enforcement of IP protection discourages both innovation and investment. When investors go somewhere else because of poor IPR protection, that lost investment means lost jobs for Filipinos," he said during the farewell party hosted in his honor, by the American Chamber of Commerce of the Philippines Inc. at Cebu City Marriott Hotel Friday.
After a year of holding his position in the US Embassy, Malinowski is leaving the country for his new position as US Ambassador to Nepal.
According to the ambassador, the Philippines is now on the "priority watch list principally for lack of copyright enforcement of optical media and cable piracy."
The US has been assessing the quality of IPR protection provided by all its trading partners, Malinowski said.
Intellectual property rights give the owners of ideas, inventions and creative expression true ownership of their own creations.
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Source: HighBeam Research, US ENVOY URGES INCREASED IP RIGHTS IN PHILIPPINES.