With the global problems of counterfeiting and piracy continuing to spread and threaten innovation in the U.S. electronics industry, the National Electronic Distributors Association (NEDA) announced it has joined the Coalition Against Counterfeiting and Piracy.
NEDA (Atlanta) will be the voice of the electronics distribution industry to the U.S. Chamber of Commerce-led task force, which is made up of more than 285 businesses and industry associations.
NEDA, which said it is also fighting the problem on several other fronts, said increasing returns of counterfeit products are putting a strain on its members' channel relationships and inventory systems.
According to the Chamber, counterfeiting drains about $500 billion from the U.S. economy each year—intellectual property crimes account for nearly half of that total—and results in the loss of 750,000 jobs.
The CAPC was formed to educate businesses about the negative impacts of counterfeiting and piracy, offering a "tool kit" for companies to protect their supply chains, while also lobbying the federal government to take a tougher stance on the problem.
Separately, U.S. trade officials Monday filed two World Trade Organization cases against China, related to piracy of American movies, music, books and software.