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U.S. recognizes Taiwan s efforts in trade secret protection
05/01/2021 03:56 PM
Image taken from Wikimedia Commons
Washington, April 30 (CNA) The Office of the United States Trade Representative (USTR) recognized Taiwan s efforts in trade secret protection in the latest annual Special 301 Report released Friday.
In the first Special 301 Report released by U.S. Trade Representative Katherine Tai (戴琪) under the Biden administration, the USTR highlighted a recent case under the amended Trade Secret Act in which a court in Taiwan found that a Taiwanese semiconductor company and three former employees were guilty of stealing trade secrets from a U.S. company to enable the development of electronics chips by a Chinese state-owned enterprise.
Bipartisan Group of Senators Push for Trade Office IG
Nearly every other Cabinet-level agency has an inspector general.
Senators from both parties introduced a bill on Thursday that would establish an inspector general position for the Office of the United States Trade Representative.
Sens. Bob Menendez, D-N.J., and John Cornyn, R-Texas, senior members of the Senate Finance Committee, introduced the 2021 USTR Inspector General Act to give USTR––which deals with billions of dollars in trade and makes critical decisions that impact American workers–– the same level of oversight that other agencies have. Sen. Ron Wyden, D-Ore., chairman of the committee, and a bipartisan group of senators co-sponsored it.