Special 301 report

IN NEWS:

• India continues to be on the ‘Priority Watch List’, the United States Trade Representative (USTR) stated in its Annual Special 301 Report.

THE REPORT:

• The annual Special 301 report is prepared by the United States Trade Representative (USTR).
• It identifies trade barriers to US companies due to IP laws of other countries.
• Placement of a country on the Priority Watch List indicates that particular problems exist in that country with respect to enforcement of IP rights.

PRELIMS QUESTION:

Q. Which of the following agency releases the 'Special 301 report':

1. World Economic Forum
2. Financial Action Task Force
3. United States Trade Representative
4. World Intellectual Property Organisation

Answer to Prelims question