Monrovia, June 16 -- The Copyright Society of Liberia (COSOL) says the government of Liberia is losing millions of dollars annually as a result of widespread abuse of the country's 2016 Intellectual Property law broadly.
The amount, which is US$4 million has been estimated by COSOL) after the release of an Inspection Report which among other things, finds that pirates are engaging in Intellectual Property (IP) theft without any fear of prosecution.
The report noted that the flagrant violation of the rules and policies governing the trade of copyright materials means the government cannot generate much-needed tax revenue from IP to fund the development of the creative industries.
"It also means that the country is losing its ability to at...