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Thursday, February 21, 2013

A Toothless Trade Secret Strategy -- Obama strategy to protect U.S. corporate secrets limited to diplomacy, law enforcement -- By Bill Gertz, The Washington Free Beacon

A new White House strategy designed to protect trade secrets from economic espionage limits United States government action to diplomatic and law enforcement measures.

The “Administration Strategy on Mitigating the Theft of U.S. Trade Secrets,” made public Wednesday, said it will seek to protect U.S. commercial innovation and other business advantages from aggressive economic espionage.

“These intangible assets are often captured as intellectual property—copyrights, patents, trademarks, and trade secrets, and reflect America’s advantage in the global economy,” the report said.

The report lists numerous examples of Chinese theft of corporate data from companies such as Ford, General Motors, DuPont, Dow Chemical, Valspar, and Motorola.

However, policy specific to China is not mentioned in the text of the strategy.

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