Congressman Erik Paulsen (MN-03) takes to the House floor on the need to protect American intellectual property rights.
Remarks as prepared:
Mr. Speaker - I rise today to express my strong concern about the increasingly discriminatory trade and investment environment in India.
The U.S. and India share an important trade and security relationship. But our trading relationship is being threatened by an alarming array of discriminatory and internationally-inconsistent actions and decisions recently. This is particularly the case in the area of intellectual property.
IP is the engine that drives the U.S. economy. The attacks on our IP not only harm U.S. job creation and competitiveness, but also chip away at the overall global IP framework that is essential to the innovation of new medicines. Since 2012, India has inappropriately revoked or denied patents on at least 14 life-saving and life-enhancing drugs. These decisions harm the R&D system, hurting patients and their families who rely on the development of new cures and treatments.
That is why, earlier this year, Representative John Larson and I were joined by 170 other members of this House in urging the Administration to raise these issues at the highest levels with the Indian government. It is critical that we send a strong message to our trading partners that we will not sit idly by while India blatantly undermines intellectual property rights and discriminates against our businesses.