Russia Should Stop Music Piracy To Enter Global Trade

Russia Should Stop Music Piracy To Enter Global Trade
Written by EditorsChoice
Monday, 30 July 2007
Russia must stop its music piracy website that is taking away the income of most US-based recording firms if it really desires to be a part of the World Trade Organization (WTO). Susan Schwab, the US Trade chief, said that it is hard to imagine Russia becoming a part of the global trade body while it runs a website that clearly advocates piracy, and at the same time breaks the intellectual property rights law. Schwab made an appeal for the said country to closed its allofmp3.com site, simultaneous to the Moscow and the US negotiations over Russia's long-time bid to be a part of the said global trade organization.
The Trade Representative's office have identified the website in question as among the infamous trade places for pirated music. Just the other week, Schwab shortlisted the said music site as a benchmark of music piracy sales throughout the World Wide Web. It must be noted that Russia has been aiming to be a part of the prestigious global trade body for almost 13 years already. Russia is considered as the only wealthy nation that is not a part of the WTO. Both countries have already made progress in their talks last week, but representatives said that the conferences were not enough to achieve a solid deal.
The global trade talks between the two countries began last July before the stalled G8 talks. But similar to the highly controversial Doha round of trade talks that was stalled early in July because of the political disputes regarding the agricultural subsidies and tariffs given to farmers, the meeting between the US and Russia also faltered because of issues regarding intellectual property matters. It is said that the US feels that Moscow is not doing anything to fight music piracy that is crippling the US music industry. Aside from that, the US demands that Russia should act to create a multilateral market so US farm commodities can enter the said country. Furthermore, US also wants to have a wide access on the financial services industry of the nation.
Global trade representatives of both nations said that their previous talks are considered successful, though they still need to continue the talks to tackle more issues not only concerning music piracy, but as well as more issues regarding the multilateral trade.
But to put things in their proper order, the leaders of both countries have established a new schedule of global trade conferences, which will be held in Geneva this month. Schwab added that the dialogue between the two powerful nations will continue though on a slower but steadier rate. She added that the WTO accession deal with Russia is considered a top priority, but there is no assurance that they will achieve a good deal in a short span of time. She also emphasized that Russian leader Vladimir Putin gave positive talks regarding the intellectual property laws, and that some veterinary experts from the said country recently visited US in an endeavor to settle concerns regarding the meat trade. She also said that she and her Russian counterpart are doing their best to achieve a solid agreement on global trade.
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