International theft of U.S. intellectual property costs $300 billion per year: report

By Agence France-Presse

Article Reprintus property

A high-powered commission said Wednesday that intellectual property theft was costing the United States the equivalent of all its exports to Asia and urged a tougher approach to China.

The 11-month study led by high-ranking former US officials said that theft of software and other US-developed products was costing the US economy more than $300 billion each year — as much as the United States sells to Asia.

“The scale of international theft of American intellectual property today, we believe, is unprecedented,” commission co-chair Jon Huntsman, the former US ambassador to China and presidential candidate, told reporters.

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