I would like to congratulate Victoria Espinel on her confirmation as the country’s first Intellectual Property Enforcement Coordinator. Ms. Espinel’s extensive background in intellectual property issues will be essential in assisting President Obama in reducing the threat to the U.S. economy from intellectual property theft.
Counterfeiting and piracy is a global problem that negatively impacts all sectors of the global economy from pharmaceuticals to software. Strong intellectual property enforcement is key to long term economic growth and prosperity. In the U.S., intellectual property-related industries employ over 18 million Americans. These jobs are ensured and protected due to IP protection and enforcement.