Rome -- The U.S. ambassador to Italy rapped Italian officials Wednesday over the quantity of counterfeit goods produced in the country.
During a bilateral conference on intellectual property, Ambassador Ronald Spogli said U.S. interests "suffer huge damages in Italy. It is simply unacceptable," reported ANSA, the Italian news agency.
Spogli said Italy was still on a U.S. list of trading partners under observation in Washington because concern about the level of protection for intellectual property. He said Italy's inclusion on the list was "frankly not very encouraging."
Confcommercio, Italy's retailer association, reports that Italy is Europe's largest producer of fake or illegally copied goods. About half the items are clothing, handbags, DVDs and computer software.
Responding to Spogli's comments, Italian Foreign Minister Massimo D'Alema said Italy was working to "step up efforts" to fight piracy so it could be removed from the list.
Disclaimer: The views and investment tips expressed by investment experts on themoneytimes.com are their own, and not that of the website or its management. TheMoneyTimes advises users to check with certified experts before taking any investment decision.
Recent comments
1 day 18 hours ago
1 day 18 hours ago
1 day 19 hours ago
1 day 22 hours ago
2 days 18 hours ago
3 days 1 hour ago
3 days 1 hour ago
3 days 4 hours ago
3 days 4 hours ago
3 days 22 hours ago