Findings of Annual Special 301 Report

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Current Affairs Yearbook 2020 for UPSC PSC Exams

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Current Affairs Yearbook 2020: Current Affairs are essential for the preparation of the UPSC CSE & PSC examination. The UPSC, State PSC prelims and mains examination demand conceptual clarity of current affairs, Clearing the UPSC CSE & State PSC examination requires a complete, holistic and comprehensive understanding of concepts in the news and current affairs which has been provided by MYUPSC.COM in very crisp and meticulous notes covering all notable and crucial State, national and international current affairs. Findings of Annual Special 301 Report

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Findings of Annual Special 301 Report

  • The Special 301 Report is prepared annually by the Office of the United States Trade Representative (USTR) that identifies trade barriers to United States companies and products due to the intellectual property laws, such as copyright, patents and trademarks, in other countries.
  • By April 30 of each year, the USTR must identify countries which do not provide “adequate and effective” protection of intellectual property rights or “fair and equitable market access to United States persons that rely upon intellectual property rights”.
  • The annual Special 301 Report includes a list of “Priority Foreign Countries”, that are judged to have inadequate intellectual property laws; these countries may be subject to sanctions.
  • In addition, the report contains a “Priority Watch List” and a “Watch List”, containing countries whose intellectual property regimes are deemed of concern.
  • India continues to be on the ‘Priority Watch List’ of the United States Trade Representative (USTR) for lack of adequate intellectual property (IP) rights protection and enforcement.
  • India remained one of the most challenging economies for IP enforcement and protection, the report said, using language it has used previously.
  • Algeria, Argentina, Chile, China, Indonesia, Russia, Saudi Arabia, Ukraine and Venezuela are also on the Priority Watch List.
  • While India made “meaningful progress” to enhance IP protection and enforcement in some areas over the past year, it did not resolve recent and long-standing challenges, and created new ones.
  • The report also mentioned India’s high customs duties on medical devices and Information and Communications Technology.
  • The USTR also noted that India was ranked among the top five source economies for fake goods by the Organization of Economic Development and Cooperation (OECD) in 2019.

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