Kamil Idris on Economic Development and Intellectual Property
China has in numerous cases ben condemned for being behind acts of intellectual property theft especially from the United States. They still technologies from the United States and then come back to the United States to sell their goods as imports. As a result of intellectual property theft, U.S.A has suffered financially. It estimated that the country is losing and average of $400 bullion every year due to effects of intellectual theft. With China. Leading in this crime, it is now going to suffer the most after President Trump put in place measures to curb the matter. President Trump has passed various tariffs which will make it harder for Americans to import goods from China. The tariffs will affects imports worth more than $50 billion.
The United States is not the only country which has been aggrieved by the matter. Many other countries have been affected by the issue of intellectual property especially coming from China. Some countries have at some point stopped trade engagements with China, but due to the massive control that China has in the international market, they always find themselves back on the trading table. President Trump wants to make it hard for products which have been created through intellectual property theft to find a way into the United States.
The tariffs come as fulfillment of a campaign pledge that he had made. He had promised to impose 25 percent tariffs on steel imports and 10 percent on aluminum imports. While making these tariffs, President Trump did not include Canada and Mexico. The move taken by Trump could in future include even U.S allies. The impact of these tariffs has been analyzed by various analysts one of them being Sudan Politician and Former Director General at World Intellectual Property Organization Kamil Idris.
Kamil Idris is a qualified economic expert and uses intellectual property to assess the economic benefits that would come with such a plan. He is also a recognized lawyer and a member of the United Nations International Law Commission. His interests are also in politics. In 2010, he vied for the position of President in Sudan.