Memorandum on the South Korea-United States Copyright, Patent, and Trademark Rights Agreement
Memorandum for the United States Trade Representative
Subject: Determination Under Section 301 of the Trade Act of 1974
To our mutual benefit, the Governments of the United States and the Republic of Korea (Korea) have reached an agreement resolving the investigation initiated under Section 302(c) of the Trade Act of 1974, as amended (19 U.S.C. 2412(c)), of Korea's previously ineffective protection of intellectual property rights. The sustained, cooperative efforts of both our Governments and the successful outcome of these efforts demonstrate how we can work together constructively to achieve a more open world trading system. Therefore, pursuant to Section 301 of the Trade Act, I have determined to accept the agreement described below as an appropriate and feasible action to resolve this investigation and therefore to terminate the investigation. I direct the United States Trade Representative (USTR) to notify the Government of Korea of my approval of the agreement and to take any actions necessary to implement and monitor it.
Reasons for Determination
of the Governments of Korea and the
-- introduce for enactment by
-- accede to the Universal Copyright Convention and Geneva Phonograms Convention by October 1987;
-- introduce amendments to its patent law to extend product patent protection for chemicals and pharmaceuticals and for new uses of these products;
-- adhere to the Budapest Treaty and extend patent protection to new microorganisms; and
-- remove requirements for technology inducement and exportation previously applied to trademarked goods and to remove restrictions on royalty terms in trademark licenses.
agreement represents a major achievement in our efforts to obtain effective
intellectual property protection for American industries. Thus, this agreement
will encourage freer trade with the
This determination shall be published in the Federal Register.
with the Office of the Federal Register, ,
Note: The memorandum was printed in the ``Federal Register'' of August 18.