By Suprotik Sinha - April 25, 2019 2 Mins Read
The US has added China’s third largest e-commerce platform Pinduoduo to its list of “notorious markets” for violations of intellectual property rights. The country has also announced that they have kept China on its priority watch list for piracy and counterfeiting concerns.
The U.S. Trade Representative’s (USTR) Office placed Pinduoduo.com on its blacklist of commercial marketplaces that fail to curb the sale of counterfeit products. China’s inclusion on the list “reflects the urgent need to remediate a range of intellectual property-related concerns,” a USTR official said to Reuters.
He noted longstanding concerns that have been voiced by the Trump administration in the trade talks, including “coercive” technology transfer requirements, widespread copyright infringement and “rampant” piracy and counterfeiting.
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The official said, “The additional actions using Section 301 of the Trade Act of 1974 were possible. The United States has levied tariffs on $250 billion worth of Chinese goods under the act.”
USTR said in the report: “Many of (the site’s) price-conscious shoppers are reportedly aware of the proliferation of counterfeit products on pinduoduo.com but are nevertheless attracted to the low-priced goods on the platform.”
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Suprotik Sinha is the Global News Correspondent with OnDot Media. He writes about technologies and trending news in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries two years of experience in mainstream broadcast media where he worked as a reporter with Ibn7 and Zee Media in Mumbai.
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