Intellectual property rights owners are increasingly feeling the pressure from the counterfeit goods that are invading the global market. Societies worldwide also suffer, as countless people are either slaves to these criminal black marketers or victims of their faulty products. The second part of this two-part feature takes a look at some of the economic and social problems posed by counterfeiting and other IP rights violations.
February 1, 2019
Following the United States’ high-profile withdrawal from the Trans-Pacific Partnership (TPP) in 2017, the remaining members agreed to move forward with a revised trade agreement called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP. The CPTPP came into force on 30 December 2018 between the first six signatories, Australia, Canada, Japan, Mexico, New Zealand, and Singapore. Vietnam, the seventh country to ratify the new agreement, officially joined the CPTPP on 14 January 2019.