This seems to be referencing Regulation (EU) 654/2014, an EU law which allows the EU to unilaterally enact countermeasures against countries that break the WTO’s rules.
The countermeasures listed in article 5 are:
Imposing tarriffs and customs duties
Trade restrictions/quotas
Cancelling contracts between the EU and the target country
Cancelling the target country’s intellectual property rights (e.g. patents/copyrights)
Banning public procurement from the target country
Implementing price penalties for public procurement from the target country
The law was amended in Regulation (EU) 2021/167 in response to the Trump (and now Biden) administrations blocking the appointment of judges to the WTO and using a loophole to kill the WTO’s enforcement mechanism.
The fact that the EU can just suspend American patents and copyrights is pretty insane. Could be some huge benefits for European companies and movie pirates.
If EU did that, it would probably result in equal retaliation. It would mean that all patents and IP would become local. Stealing these things from others continents would become fair game, which would make patents and IP almost completely pointless.
Could we please try that out? Sounds like an interesting scenario.
You’re telling me we could have more diverse innovation that catered to the needs of individuals if we allowed people to create tools that help them and their neighbors instead of saying “some guy decided a hundred years ago, on the other side of the planet, that this is what this tool looked like. If you call something else by this name we’ll sue you and if you call something that looks like this something else we’ll sue you for that too”?
This seems to be referencing Regulation (EU) 654/2014, an EU law which allows the EU to unilaterally enact countermeasures against countries that break the WTO’s rules.
The countermeasures listed in article 5 are:
The law was amended in Regulation (EU) 2021/167 in response to the Trump (and now Biden) administrations blocking the appointment of judges to the WTO and using a loophole to kill the WTO’s enforcement mechanism.
More context from the EU parliament:
https://www.europarl.europa.eu/RegData/etudes/BRIE/2020/652021/EPRS_BRI(2020)652021_EN.pdf
The fact that the EU can just suspend American patents and copyrights is pretty insane. Could be some huge benefits for European companies and movie pirates.
❤️“Cancelling the target country’s intellectual property rights” ❤️
If EU did that, it would probably result in equal retaliation. It would mean that all patents and IP would become local. Stealing these things from others continents would become fair game, which would make patents and IP almost completely pointless.
Could we please try that out? Sounds like an interesting scenario.
Stop, I can only get so erect!
Right? That’s not a threat. Lol
“Please, God, it would be so fucking funny”
You’re telling me we could have more diverse innovation that catered to the needs of individuals if we allowed people to create tools that help them and their neighbors instead of saying “some guy decided a hundred years ago, on the other side of the planet, that this is what this tool looked like. If you call something else by this name we’ll sue you and if you call something that looks like this something else we’ll sue you for that too”?
The EU about to unleash the pirate parties on the US
Trump really does feel like what you get if you download “strong_president.mp3” off of livewire
strong_president.mp3.exe