Professor Kamil Idris has written an article about President Trump planning to impose new tariffs on China, due to unfair IP acquisitions. It has been reported the stealing of intellectual properties has cost the United States between $225 million up to $600 billion. The new tariffs the President plans to impose on imports will be an estimated total worth of $50 billion. The violations range from trade secret thefts to counterfeiting of popular name brands.
President Trump has announced he plans to impose 25 percent tariff on imports of steel and 10 percent tariff on imports of aluminum. The tariffs will not affect countries that are part of NAFTA; however, he hasn’t ruled out the idea of imposing tariffs on U.S. allies.
Professor Kamil Idris has also written an article about World Intellectual Property Organization and the meaning behind it. WIPO was created in 1967 to encourage human creativity and innovation, so that people from every country and community, can share and prosper within their bounty.
Some might wonder if intellectual property is worth all the effort. The answer is yes, without intellectual properties rights, we would never develop new technologies to tackle global warming problems and we would never see the light or day of great sporting events. This would also affect the film industry. These affected industries and others which play a role in entertaining and uniting us, would be a major consequence throughout the globe. For example, sporting events would not be broadcasted into homes across the globe and movies would not be distributed as well.
For this, WIPO has paid tribute to every artist, inventor, big or small who has enriched our existence with their innovative ideas and creative vision. We remember the importance of their intellectual property rights, the rights they have earned through their individual and collective talents.