How the US Lost Its China Complaint On IP
An anonymous reader writes "The World Trade Organization yesterday released its much-anticipated decision involving a US complaint against China over its protection and enforcement of intellectual property rights. The US quickly proclaimed victory, with newspaper headlines trumpeting the WTO panel's requirement that China reform elements of its intellectual property laws. Yet the reality is somewhat different. As Michael Geist notes, the US lost badly on key issues such as border measures and criminal IP enforcement, with the international trade body upholding the validity of China's laws."
outside US borders?
What's next? trying to push a world wide patriot act?
- Human knowledge belongs to the world
If the wto made a ruling against China which will obviously be ignored what are they going to do. Punitive measures? Oh lets stop trade with China, great idea. Kind of a silly system if you ask me.
The punitive measures are not "lets stop trade with China".
Normally the WTO gives the wronged party permission to institute tariffs/duties on specific goods from the offending country, equal to the losses sustained by the aggrieved. Here's a recent example of the USA raising tariffs on cheese imported from Europe.
[Fuck Beta]
o0t!
IPKat has a very nice analysis, as usual, here:
http://ipkitten.blogspot.com/2009/01/breaking-news-wto-panel-report-on-us.html.
However, IPKat concludes that it's more of a score-draw than a loss by the US.
wu-shing pigu (5 star beer)
Suggest you call it either "wu-shing pi-chiu" or "wu-xin pi-jiu" instead. "Pigu" sounds like ass... I swear!
clear liquor that I forget the name of but it was potent
The Chinese, Japanese and other Asians are great at making wine out of anything - rice, barley, wheat, and so forth. One mouthful is enough to make me drunk.
You've lead a very interesting life. And you're a real Scientist with a 3-digit ID!
I was going to mod you up.
Then you said "mute"
When you start talking severe economic moves, the US could always respond in kind. What happens if they declare the bonds to be worthless, as in they aren't going to pay? That negatively impacts their credit of course, but then maybe they are able to successfully spin it with their allies so that it doesn't. China is waging "economic war" against the US so they HAVE to respond in kind, etc, etc, etc. Or perhaps as you suggest there are actual war overtones and as part of that, the US freezes all China's assets, including the bonds. They find a semi-legal way to make them worthless, a way that doesn't piss off anyone else (and in fact maybe makes other bond holders happy since it doesn't devalue their bonds).
There are many people who act like it is a case of China holding all the cards, and the US being at their mercy. Actually it's more a case of economic mutually assured destruction. While it is likely China could cause havoc to the US economy, it is a near certainty that the US response would decimate the Chinese economy. Hell it might not even be any real response. China trys to tank the US economy, the US doesn't respond, the economy tanks. Americans pull extremely far in to their shells and stop buying everything but essentials, and specifically good from China (since you know the media would have a field day with this). The Chinese economy grinds to a halt and now they have a major problem of civic unrest.
Basically it isn't something either country stands to gain from thus it isn't likley to happen. China wants the US happy and buying their goods.