National policy objectives of a country and their political commitment towards IP development are some of the factors that determine the benefits of intellectual property. On tackling IP risks as a result of globalization, Professor Kamil Idris says that IP training and the development of human capacity should be the pivot and given most attention.
China will be heavily affected following president Trump’s latest stand on new tariffs. The US president stated that his decision was as a result of China’s unjust acquisition of U.S technology. The United States Trade Representative’s 2017 report indicated that America spent between $225 million and $600 billion due to theft of U.S IP by China. President Trump declared that the tariffs would be imposed from China, totalling $50 billion. This will be a punishment to China for stealing U.S intellectual property. Professor Kamil Idris feels that Trump seems to be keeping his promise of imposing a 25% tariff on imports of steel and 10% tariff on imports of aluminum. By not including Mexico and Canada in these tariffs, the president is extending for reconciliation between the said countries. Professor Kamil Idris thinks that Trump may have started a global war as America’s trading allies, economists, some Republican lawmakers, and stakeholders in business criticized the move.
Professor Kamil Idris is of the opinion that president Trump is using section 301 of the constitution as a tool to protect the United States IP. By the power vested in him by the constitution, the president can influence and approve trade sanctions. The same power allows him to sanction any other country that he thinks is not doing enough to issue sufficient protection for intellectual property rights.
To ensure that all WIPO member countries have a say in providing solutions for issues related to intellectual property, Professor Kamil affirmed that WIPO is dedicated to multilateralism and all stakeholders are guaranteed inclusive dialogue.