Piracy treaty on track for G8 meeting
7 December 2007
For Personal Use Only
For Personal Use Only
Australia has joined the US and Japan in supporting the Anti-Counterfeiting Trade Agreement (ACTA). A working version of the treaty is set to be ready for the next G8 meeting in Tokyo. The Organisation for Economic Cooperation and Development estimates the international trade in counterfeit goods is worth $200 billion. There is some opposition to the treaty, however. The Law Institute of Victoria has warned ACTA may weaken efforts to protect intellectual property rights by diverting resources. Hunt & Hunt partner Andrew Hudson has questioned the merit of legislation that will only benefit ‘a select group of nations.’
Filed by Catherine Tsalikis under Transnational Crime