Today, I am pleased to announce the Administration’s Strategy on Mitigating the Theft of U.S. Trade Secrets. Trade secret theft can cripple a company’s competitive advantage in foreign markets, diminish export prospects around the globe, and put American jobs in jeopardy. The President is committed to preventing the theft of corporate trade secrets. As he clearly expressed in his State of the Union Speech, “we cannot look back years from now and wonder why we did nothing in the face of real threats to our security and our economy.”
The Strategy that we are releasing today coordinates and improves U.S. Government efforts to protect the innovation that drives the American economy and supports jobs in the United States. As the Strategy lays out, we are taking a whole of government approach to stop the theft of trade secrets by foreign competitors or foreign governments by any means – cyber or otherwise.
We know that trade secrets play a crucial role in America’s global competitiveness. As the Strategy makes clear, the Administration will continue to act vigorously to combat the theft of American trade secrets that could be used by foreign companies or foreign governments to gain an unfair commercial advantage over U.S. companies. In order to continue to lead, succeed, and prosper in the 21st Century global economy, we will use this Strategy to put in place an effective and coordinated approach to protect American trade secrets.
The launch event described below will being streaming on WhiteHouse.gov/live at 3:15pm today.
Launch of the Administration’s Strategy to Mitigate the Theft of U.S. Trade Secrets
Wednesday, February 20, 2013, 3:15 PM
The Honorable Victoria A. Espinel, U.S. Intellectual Property Enforcement Coordinator
The Honorable Eric H. Holder Jr., Attorney General of the United States
The Honorable Rebecca Blank, Deputy Secretary of Commerce
The Honorable Robert Hormats, Under Secretary of State
The Honorable Demetrios J. Marantis, Deputy United States Trade Representative
Frank Montoya, National Counterintelligence Executive, Office of the Director of National Intelligence
The Honorable Lanny Breuer, Assistant Attorney General – Moderator
Ambassador Karan Bhatia, Vice President and Senior Counsel, Global Government Affairs and Policy, General Electric
Dean Garfield, CEO, Information Technology Industry Council
John Powell, General Counsel, American Superconductor
Victoria Espinel is the U.S. Intellectual Property Enforcement Coordinator