Statement from Commerce Secretary Gary Locke on World IP Day

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Nick Kimball, (202) 482-4883,

U.S. Commerce Secretary Gary Locke today released a statement on World IP Day.

Washington - "On the 10th anniversary of World Intellectual Property Day, we join the world in recognizing the important role that intellectual property plays in an increasingly competitive global economy. As America's prosperity continues to become more closely tied to its knowledge-based economy, the protection and enforcement of intellectual property rights have never been more important. Unfortunately, counterfeiting and piracy take a huge toll on U.S. industry and workers, costing billions of dollars and thousands of jobs every year.

"The Obama Administration continues to combat this problem by ensuring that U.S. trading partners are complying with trade agreements, conducting a range of targeted outreach efforts, and working with foreign leaders to ensure that the fight against counterfeit and pirated goods is global. The President has made it clear that protecting intellectual property is a priority, and several departments and agencies in this administration are working cooperatively in their commitment to foster an environment where innovation can thrive and creativity is rewarded."