Malaysia has been removed from the United States Trade Representative’s (USTR) “watch list” on intellectual property (IP) violations.
Domestic Trade, Cooperatives and Consumerism minister Datuk Seri Ismail Sabri Yaakob said the move would make US businesspeople confident about investing in Malaysia.
“Previously, investors were reluctant to come because of concern towards our laws and enforcement on IP violations,” he said yesterday. “We believe that now they will see Malaysia from a better perspective and the American government may encourage them to invest here.”
The news was noted in USTR’s “Special 301 Report” dated April 30.
That report is a review of 77 trading partners of the United States, which have been examined for IP protection and enforcement.