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Unformatted text preview: The issue of parallel imports (529), the practice of buying products from distributors in one country and selling them to distributers that are not part of the manufacturers distribution structure (396) in another country for a lower price, and international exhaustion, the practice that international property rights are exhausted once the product has been sold in another country, is one that has been debated for many years. Intellectual property rights (195) and the decision pertaining to parallel imports are made by each country. Under TRIPS (47) the practice of parallel trade cannot be challenged under the WTO (48) dispute channels. The United States practices national exhaustion for patents and copyrights (1) meaning that the intellectual property (359) owner cannot control exploitation of goods in the domestic market, but they can oppose importation of goods abroad. On the other end of the spectrum, the European Union allows for parallel imports only within the EU but will not allow for parallel...
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- Fall '07