Obama on ACTA: “We’re going to aggressively protect our intellectual property. Our single greatest asset is the innovation and the ingenuity and creativity of the American people…It is essential to our prosperity and it will only become more so in this century. But it’s only a competitive advantage if our companies know that someone else can’t just steal that idea and duplicate it with cheaper inputs and labor.”
“There’s nothing wrong with other people using our technologies, we welcome it. We just want to make sure that it’s licensed and that American businesses are getting paid appropriately. That’s why the (U.S. Trade Representative) is using the full arsenal of tools available to crack down on practices that blatantly harm our businesses, and that includes negotiating proper protections and enforcing our existing agreements, and moving forward on new agreements, including the proposed Anti-Counterfeiting Trade Agreement (ACTA).”
[Notes: You can hear the president discuss ACTA and intellectual property in the video above starting at 18:14 and ending at 19:07; via cnet.com]
