One of the things that are included in trade agreements today is intellectual property. Countries are trying to cushion themselves from the challenges that come with exposing their trade secrets. When a country exposes how they manufacture a certain product, there is no guarantee that the other partner will not start manufacturing the same products with the same technology that they are using.
To bring more truth and credibility in trade deals, intellectual property laws are now being incorporated in trade deals people who have expertise in this matter such a Kamil Idris are normally hired to offer advice. Kamil Idris was the Director General of World Intellectual Property Organization for ten years. This is not a new matter to him, and he knows what countries need to do to facilitate good deals which do not involve exploitation of intellectual property.
Kamil Idris has addressed the matter of tariffs that were imposed by President Trump on its trading partners. Right now, many countries which used to be trading partners of the United States have to pay hefty costs to export their products into the United States. There is a tariff of 20 percent for all steel products and 10 percent for aluminium products. This matter has brought concern in the United States and beyond. There are those who seem like the tariffs will affect the trade between the United States and other countries. Some legislators have argued that the tariffs will make China and the European Union to also [lace trade barriers which might lead to economic war between the countries.
Chinese have been at the centre of the recent controversy as they are seen as the number one violators of intellectual property laws. It is no longer possible to offer a great deal to them without stealing what you have. China has been accused of stealing mostly from the United States, and the new tariffs will hit them the hardest.
Kamir Idris offers more insight about the relationship between economic growth and intellectual property in a book he authored entitled “Intellectual Property a Power Tool for Economic Growth.” This is a book that has the potential to change the perception of countries on this matter of intellectual property.