Global Markets, Intellectual Property

Update: Trade Policy Forum Meeting in India

Intellectual property protection is crucial for software innovation. It encourages research and development that creates jobs in the US and around the world. That is why BSA is so pleased that USTR prioritized trade secret and patent protection in its Trade Policy Forum (TPF) discussions with India this week. TPF is an important bilateral dialogue to promote policies targeted at advancing trade between both countries. As such, it is encouraging that the impact of IP on digital trade and job creation was reflected on the agenda of yesterday’s meeting. BSA has been working with both the US and Indian government to help inform TPF discussions and provide the perspective of the software industry.

We appreciate that the US and India included a dialogue focused on the importance of protecting trade secrets. Trade secrets are a critical tool for the innovation economy because they enable software companies to protect their hard-earned research and development and thus, continue to foster innovation. BSA supported passage in the US of the Defend Trade Secrets Act (DTSA), and we are pleased that the importance of civil and criminal trade secret protection was discussed at the event. Other positive outcomes of the meeting include commitments to support liberalization in the IT services area and to promote the digital economy.