Further. according to a recent report of the Commission on the Theft of American Intellectual Property. annual losses owing to trade secret theft are likely comparable to the current annual level of U.S. exports to Asiaover $300 billion. Back in Iowa we have seen this firsthand as innovative companies like Monsanto and DuPontPioneer have become targets for trade secret theft. In a wellpublicized case. a naturalized citizen was indicted and convicted for engaging in a scheme with foreign nationals to steal proprietary test seeds from Iowa fields to benefit foreign companies. Contrasted with other areas of intellectual property. trade secrets are mainly protected as a matter of state law. Fortyseven states have enacted some variation of the Uniform Trade Secrets Act.
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