Brazil’s Piracy Costs US Economy Close to US$ 1 Billion a Year, Says Group

The American group Defenders of Property Rights (DPR) today, March 16, announced that it has sent an open letter to U.S. Trade Representative Rob Portman urging the U.S. Government to block efforts by Brazil and India from undermining the World Trade Organization as their campaign against intellectual property rights continues. 

DPR believes their actions against intellectual property rights undermine the strength of the American economy.

Brazil and India’s claims of biopiracy are intended to undue established agreements on intellectual property rights in the World Trade Organization and World Intellectual Property Organization. 

As you know, biopiracy is a term coined by countries engaged in rampant piracy to falsely accuse pharmaceutical companies of not paying their fair share for genetic natural resources. 

Of course, Brazil overlooks that pharmaceutical companies spend billions of dollars to transform a simple plant into a powerful medicine. 

Next week, their campaign will take center stage as Brazil hosts a meeting of the Convention on Biological Diversity, a U.N. funded body that will advance provisions aimed at undermining WIPO and WTO intellectual property law.

"Brazil and India continue to run a global campaign against intellectual property rights," said Nancie Marzulla, president of Defenders of Property Rights. 

"The actions of Brazil and India threaten to destabilize international institutions like the World Trade Organization and damage the American economy."

Defenders of Property Rights repeatedly urged U.S. Trade Representative Rob Portman to question Brazil about its poor record of protecting American intellectual property rights. 

Brazil stands as the number one abuser of IP rights in the Western Hemisphere costing American businesses an estimated US$ 900 million in losses in 2003 alone, according to the International Intellectual Property Alliance (IIPA).

Undermining intellectual property law will have damaging consequences to the American economy. "Brazil and India no longer deserves to receive billions of dollars in American subsidies and trade tariff reductions each year if they continue to hurt America’s economy in this way," said Marzulla.

Defenders of Property Rights was founded in 1991 to counterbalance the governmental threat to private property as a result of a broad range of regulations.

Defenders believes that society can achieve important social objectives such as protection of our environment and preservation of our national heritage without destroying private property rights or undermining free market principles. 

Defenders of Property Rights – www.yourpropertyrights.org

Tags:

You May Also Like

Brazil Wants to Reduce Taxes for Foreigners Buying Stocks

Brazil’s Ministry of Finance is studying a proposal to grant certain tax exemptions to ...

For Brazil, G8 Is Over and G20 Represents New Reality

For Brazil's Foreign minister, Celso Amorim, "The G8 is over as a political decision ...

Lula: Tree-Hugger He Isn’t

Is Lula becoming the nightmare of ecologists? In a visit to the Amazon, the ...

Search for Bodies of Brazilian Jet Is Slow and Painful: Only Two Bodies Recovered

There were no survivors among the 155 people aboard the Brazilian jetliner that collided ...

Brazil Goes on the Offensive to Contain “Melting” Dollar

Brazilian market analysts project that by the end of the year the dollar should ...

Brazil Minister Says Country Won’t Change Exchange Despite Dollar Inflow

Brazil's minister of Finance, Guido Mantega, attributes the great interest in foreign investment in ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Conversa Privada (Private Talk)—Comedy. The idea is to tell the public ...

The Brazilian Ruling Class

Without José Bonifácio’s de Andrada e Silva influence on Brazilian history, we would have ...

For This Brazilian Firm Half of Business Will Soon Come from Middle East

Brazilian company WK Comercial Exportadora's target, headquartered in Curitiba, in the southern state of ...

For Second Year Brazil Tops List of Foreigners Barred in Europe

For two years in a row, now, 2009 and 2010, Brazilians have been at ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`