British companies doing business in China to be helped by new copyright agreement

Intellectual Property Minister, Baroness Wilcox, who signed a new Memorandum of Understanding on copyright with Liu Binjie, the Republic's Minister of the National Copyright Administration, said the agreement promised to bring the two countries closer together in this significant field, improving the prospects for businesses in both countries. "UK firms will be helped to understand and therefore access the Chinese market. The agreement will also help develop ways of protecting companies in both countries from missing out on the benefits of their creativity through piracy and counterfeiting," she went on. Under the terms of the Memorandum of Understanding, the two countries will share ideas and best practice while also promoting the importance of intellectual property. The agreement will also see Britain and China seek coordination on copyright issues while looking for opportunities for development and training in copyright laws.