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Anti-counterfeiting agreement signed in Tokyo
TOKYO (Reuters) - Governments of eight nations including Japan and the United Stated signed an agreement on Saturday, aiming to cut costly copyright and trademark theft.
The signing by the eight is a step towards bringing into effect the Anti-Counterfeiting Trade Agreement (ACTA), which is designed to strengthen the legal framework for intellectual property rights, said Japan's Ministry of Economy, Trade and Industry (METI).
The signing took place a year after the final round of negotiations among 11 parties -- Australia, Canada, the European Union, Japan, the Republic of Korea, Mexico, Morocco, New Zealand, Singapore, Switzerland and the United States.
The EU, Mexico and Switzerland have not signed the agreement but have until May 1, 2013, to do so, according to the METI.
The pact takes effect with the ratification of six parties and the METI expects an expansion of ACTA participants.
(Reporting by Kaori Kaneko; Editing by Robert Birsel)
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