Study: Trade Secrets Loss Could Be 3 Percent of GDP

, Corporate Counsel

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A new study tries to quantify the impact of trade secret theft, and find ways to prevent it.

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    Yet, we see how economies with lower levels of trade secret protection generate more RoI for investors, more jobs and higher level jobs. Was that taken into consideration in the study?

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    Agreed that theft of trade secret costs lots of money also business opportunities/market shares of a company. The most difficulty of assessing remedies falling on whether there existing a practical and efficient legal system. Taiwan had effect a revision of its Trade Secret Protection Act last January which expanded the types of unauthorized disclose or use of someone‘s treed secret by former employees or competitors to facilitate the plaintiff to file the lawsuit against thieves of trade secret, however, there still be a long way in China to seek for such protection of corporate trade secret.

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