Press Releases

ITIF Applauds Announcement of New Strategy to Address Theft of Trade Secrets

WASHINGTON (February 19, 2013) - The Information Technology and Innovation Foundation (ITIF) praised the White House's "Strategy to Mitigate the Theft of U.S. Trade Secrets," to be rolled out tomorrow, calling it an important step towards combating innovation mercantilism and leveling the global economic playing field.

"The recent revelation that a major cyberattack campaign on U.S. corporations may have been orchestrated by the Chinese military is just the latest example of the use of intellectual property theft to hurt American companies and the American economy," notes Rob Atkinson, President of ITIF. "The development of a national strategy to reduce the theft of trade secrets by foreign nations or foreign companies will help U.S. businesses and the workers employed by them."

Atkinson has written extensively on the use of mercantilist tactics, such as intellectual property theft (including trade secrets) and indigenous innovation rules, by foreign nations to enhance domestic technology and production capacity at the expense of U.S. competitors. Trade secret theft in particular has grown despite numerous free trade statutes and international rules outlawing these practices.

"The new strategy to be announced by the White House is a sign that the U.S. is going to take a tougher line against trade secret theft and press foreign nations to follow the agreed-upon trade standards," Atkinson adds. "We urge Congress to continue to support the Administration's efforts to aggressively fight U.S. trade secret theft."

For more on ITIF's work on innovation mercantilism, see the following report: http://www.itif.org/publications/good-bad-and-ugly-innovation-policy