USTR :- UNITED STATE TRADE REPRESENTATIVE
ISSUE:-
# India has been on the priority watch list reportedly for over 25 year's.
# For the lack of sufficient measurable improvement of it's I.P(Intellectual property) frame work, that have negatively affected US(United States) right holder.
PRIORITY WATCH LIST & WATCH LIST :-
Priority watch list and watch list countries are identified by the annual special 301 report.
PRIORITY WATCH LIST :-
They are judged by the USTR as having serious intellectual property rights deficiencies, that require increased USTR attention.
WATCH LIST :-
# Same as priority watch list but for watch list countries are not Yet placed on the priority watch list.
# The USTR can remove countries from one list to another or remove from the list through the year.
IMPLICATIONS :-
# Countries under priority watch list will be the subject of Increased bilateral engagement with the USTR to address intellectual property concern.
# USTR will take appropriate actions such as enforcement action under section 301 of trade Act.
# Or take that country to the WTO ( headquarter- GENEVA in SWITZERLAND)
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