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August 10, 2006

Datuk Seri Rafidah Aziz Gets It

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Here's an article from Malaysia where the Minister of International Trade and Industry, Datuk Seri Rafidah Aziz, understands that adequate IP protection is the key to foreign investment.

"If we can give adequate IP protection to the American investors, they will come here," she said this in response to a question whether the IP issue would hinder such talks.

But beyond simply attracting foreign investment, the Minister understands that her own domestic producers need IP protection, too:

She said people invested not to make simple products but to produce those with high elements of innovation, creativity and design.

"And they want to protect it because they don't want to produce in Malaysia and the next month someone will come out with similar products and we will be blamed for not enforcing the law.

"IP protection is something that Malaysia subscribed to. More importantly, Malaysia is also investing abroad," she said.

Refreshing. Funny, the Malaysians themselves apparently don't think that strong IP protection is some sort of straitjacket imposed on them by the West, that harms their national interests and keeps their people poor and sick in order to enrich evil U.S. corporations.

What am I missing, Cory? Jamie? Lawrence? James?

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