A LACK in enforcement of intellectual property rights (IPR) may hinder the steady and strong growth in bilateral trade and investment between Malaysia and the US.

US Ambassador to Malaysia Christopher J. LaFleur said there are some key areas the US would like the Malaysian Government to make some progress in, one of which is to better enforce laws protecting IPR.

He said Malaysia wants to become a knowledge-based economy so that living standards will increase and the country can stay ahead of the global cmpetition.

Much of that needed knowledge is going to come from abroad, in the form of foreign investment. But foreign investors are not going to bring their valuable knowledge here if it cannot be protected,” he said in his lecture on the Malaysian-American relations organised by Universiti Malaya’s law faculty in Kuala Lumpur yesterday.

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Posted by: David Oh on 22/9/2005 5:39:59 PM