Australia, Canada, Japan, Korea, Morocco, New Zealand, Singapore, the United States, and the European Union have all signed the agreement
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The International Trademark Association commends Mexico for signing the Anti-Counterfeiting Trade Agreement and joining countries from around the world in the commitment to protect businesses and consumers from trademark counterfeiting and copyright piracy. Australia, Canada, Japan, Korea, Morocco, New Zealand, Singapore, the United States, and the European Union have all signed the agreement.
By signing ACTA, Mexico is taking part in the first international effort in raising the bar to address the illegal trade of counterfeited and pirated goods in a harmonized and coordinated way. “We commend Mexico for taking the necessary steps to join ACTA, but the work doesn’t stop there,” said Alan C. Drewsen, Executive Director of INTA. “We look forward to Mexico quickly ratifying the agreement in order to provide the necessary tools that support local business growth.”
Counterfeiters and pirates steal from legitimate businesses and can put consumers’ health and safety at risk. Furthermore, the illegal items drain tax revenue from governments. Mexico, with one of the fastest growing economies in the world, cannot afford to allow the influx of counterfeited and pirated goods to impede the country’s economic growth.
Recent studies suggest that more than two million legitimate jobs are destroyed by counterfeiting and piracy each year across the globe. It is estimated that the value of counterfeit and pirated goods could grow to $1.77 trillion by 2015. INTERPOL, the world’s largest international police organization, has identified counterfeiting to be among its top priority crimes, as purchases of these goods fund other criminal activities down the line.
INTA encourages all countries that have signed ACTA to work within their governments to ratify the trade agreement. Signatories must remain focused on the important issues that ACTA addresses and not allow misleading claims to distract them from the efforts to protect businesses, innovators and consumers from intellectual property theft.