Monday, October 4, 2010

Tokyo Anti-Counterfeiting Talks Deliver Deal

(Business Spectator – Reuters)

Nearly 40 nations on Saturday reached basic agreement in international trade talks aimed at reducing copyright and trademark theft that causes losses of billions of dollars annually.

One of the key features of the Anti-Counterfeiting Trade Agreement (ACTA) will mandate that customs officials have “ex officio” authority to seize counterfeit goods without a request from the rights holders or a court order, according to statements from Japan’s Ministry of Economy, Trade and Industry (METI). Read more here.