Taipei Times: Changes sought for Trade Secrets Act

Democratic Progressive Party (DPP) lawmakers yesterday proposed amendments to the Trade Secrets Act (營業秘密法) to increase fines and allow for sentences of life in jail for people convicted of industrial espionage as the number of cases climbs.

DPP Legislator Chao Tien-lin (趙天麟) said that industrial espionage has cost the nation’s economy NT$170 billion (US$5.42 billion) since the act’s promulgation in 2013.

“Huge economic losses have resulted from these crimes. We need to protect the development of Taiwan’s industries and safeguard the stability of our economy,” Chao said.

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