Protecting intellectual property and market-based decisions on technology transfer are top priorities of USCBC's membership. We appreciate the Office of the US Trade Representative's focus on these important issues to reach the ultimate goal of eliminating policies that harm US companies. The requirement to transfer technology as a condition to gain market access in China is an acute concern of American companies in key sectors, who often must make difficult choices about managing the tradeoff of technology sharing and access to the world's second largest economy. The protection of intellectual property rights, a broad term that encompasses patents, trade secrets, trademarks, and copyrights, is also critically important. Addressing these issues with effective measures will positively contribute to building a strong and more durable commercial relationship between the United States and China.
Read the complete testimony here.