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Intellectual Property
The Philippines has a strong legal framework and has recently made substantial improvement in its intellectual property protections. In the 2006 Special 301 Report by the United States Trade Representative, the Philippines was lowered from the Priority Watch List Category to Watch List. While improvements were recently made in several areas, attention should not be relaxed. The perception among foreign investors and local professionals in the Philippines is that enforcement needs work and that it affects their choice of business location. Beneficially, the present administration has made this area a priority (see box). The Philippines has a strong music industry and is a developer of software. In the interest of competitiveness, among others, a stronger protection regime is necessary.
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