G20 Summit will Focus on Intellectual Property - Articles

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Posted by: Chelsea Bennett on Nov 29, 2018

The Group of 20 Summit starts today in Buenos Aires, Argentina, and President Trump and President Xi Jinping of China are expected to discuss trade, intellectual property and the theft of American technology, The New York Times reports. The Trump administration has accused China of stealing American technology on numerous occasions. However, the article points out that these accusations are offensive to the Chinese and may be a barrier for accomplishing a trade deal at the summit. The administration and American companies have expressed distaste for several Chinese trade requirements, including joint venture requirements for American companies wanting to do business in China, requirements of foreign-owned research companies being built in China and a compulsory certification program for foreign products. All of these policies put sensitive American technology at risk for replication and theft. In response to the Chinese appropriating American technology, President Trump has imposed significant tariffs on over $200 billion of Chinese goods. China has eased joint venture requirements in some sectors and is implementing a new intellectual property appeals court system to remedy some of the foreign concerns regarding trade secrets.