Brazil May Allow Breaking of US Film, Drug, Music Patents
Brazil May Allow Breaking of US Film, Drug, Music Patents
March 16, 2010 /EIN PRESSWIRE/ In retribution for actions by the US, Brazil is considering looking the other way in protecting US patents and intellectual property on a number of products, including music, movies, chemicals and pharmaceuticals.
The World Trade Organization has given Brazil its support for action against the US in retaliation for the US failing to rid itself of illegal subsidies to cotton farmers. The WTO has authorized Brazil to impose up to $829 million in sanctions.
This case is one of the few instances where the WTO has allowed a wronged party to retaliate against a sector not involved in the initial dispute. Brazil may become the first country to ever apply cross-retaliation if the country and the US cannot negotiate a settlement.
Read more at Patents & Trademarks Today:
Brazil Patents News - http://patents.einnews.com/brazil/
Located at http://patents.einnews.com, Patents & Trademarks Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest patents news from around the world, saving them valuable time they'd spend searching for information. New users to Patents & Trademarks Today can enjoy a no-obligation, one-week free trial.
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March 16, 2010 /EIN PRESSWIRE/ In retribution for actions by the US, Brazil is considering looking the other way in protecting US patents and intellectual property on a number of products, including music, movies, chemicals and pharmaceuticals.
The World Trade Organization has given Brazil its support for action against the US in retaliation for the US failing to rid itself of illegal subsidies to cotton farmers. The WTO has authorized Brazil to impose up to $829 million in sanctions.
This case is one of the few instances where the WTO has allowed a wronged party to retaliate against a sector not involved in the initial dispute. Brazil may become the first country to ever apply cross-retaliation if the country and the US cannot negotiate a settlement.
Read more at Patents & Trademarks Today:
Brazil Patents News - http://patents.einnews.com/brazil/
Located at http://patents.einnews.com, Patents & Trademarks Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest patents news from around the world, saving them valuable time they'd spend searching for information. New users to Patents & Trademarks Today can enjoy a no-obligation, one-week free trial.
About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.
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