The upgrading of Thailand's intellectual property watch list status by the United States Trade Representative will boost the country's image, trade and investment, Commerce Minister Sontirat Sontijirawong said today (Dec 16).
The removal of Thailand from the priority watch list of intellectual property violation by the USTR will also contribute to the government's Thailand 4.0 policy, which focuses on innovation- and technology-driven economy, Mr Sontirat said.
He was responding to the USTR's announcement on Dec 15 that the agency is removing Thailand from the Special 301 Priority Watch List to the Watch List due to the country's improving intellectual property (IP) protection and enforcement.
The minister said Thailand was among the 11 countries under the US priority watch list on intellectual property violation in the latest round of the Special 301 Out-of-Cycle Review.
The upgrade of the country's status from Priority Watch List to Watch List reflected the progress of the country's efforts in intellectual property protection, he said.
Source: Thai Public Broadcasting Service (Thai PBS)