ACTA meaning in Business ?

Answer: What is Anti-Counterfeiting Trade Agreement mean?

The Anti-Counterfeiting Trade Agreement (ACTA) is a multilateral treaty for the purpose of establishing international standards for intellectual property rights enforcement that did not enter into force. The agreement aims to establish an international legal framework for targeting counterfeit goods, generic medicines and copyright infringement on the Internet, and would create a new governing body outside existing forums, such as the World Trade Organization, the World Intellectual Property Organization, and the United Nations.

The agreement was signed in October 2011 by Australia, Canada, Japan, Morocco, New Zealand, Singapore, South Korea, and the United States. In 2012, Mexico, the European Union and 22 countries that are member states of the European Union signed as well. One signatory (Japan) has ratified (formally approved) the agreement, which would come into force in countries that ratified it after ratification by six countries.

Industrial groups with interests in copyright, trademarks and other types of intellectual property said that ACTA was a response to "the increase in global trade of counterfeit goods and pirated copyright protected works". Organizations such as the Motion Picture Association of America and International Trademark Association are understood to have had a significant influence over the ACTA agenda.

Organisations representing citizens and non-governmental interests argued that ACTA could infringe fundamental rights including freedom of expression and privacy. ACTA has also been criticised by Doctors Without Borders for endangering access to medicines in developing countries. The nature of negotiations was criticized as secretive and has excluded non-governmental organizations, developing countries and the general public from the agreement's negotiation process and it has been described as policy laundering by critics including the Electronic Frontier Foundation and the Entertainment Consumers Association.

The signature of the EU and many of its member states resulted in widespread protests across Europe. European Parliament rapporteur Kader Arif resigned. His replacement, British MEP David Martin, recommended that the Parliament should reject ACTA, stating: "The intended benefits of this international agreement are far outweighed by the potential threats to civil liberties". On 4 July 2012, the European Parliament declined its consent, effectively rejecting it, 478 votes to 39, with 165 abstentions.

reference

Full Form	Category
American Council Of Trustees And Alumni	Academic & Science
Anon Coward Takes Acid	Academic & Science
Advanced Consultation and Training Academy	Academic & Science
Anti-Counterfeiting Trade Agreement	Business
Acta (de-listed)	Business
Advanced Certificate in Training and Assessment	Business
Advaced Certification in Training and Assessment	Business
Anti Counterfeiting Trademark Agreement	Business
Assam College Teachers Association	Community
Auckland Coffee and Tea Association	Community
Alliance of Canadian Travel Associations	Community
Administrative Council for Terminal Attachment (T1 and TIA)	Computer and Networking
Administrative Council for Terminal Attachment	Computing
Automatic Computerized Transverse Axial	Computing
Afghan Coalition for Transparency and Accountability	Country Specific
Albertville Controle Technique Automobile	General
Automobile Club Touring Assistance	General
Anti Car Theft Act	General
A Call to Action	General
Academisch Centrum Tandheelkunde Amsterdam	General
Anti Counterfeit Trade Agreement	General
African Council of Touring and Automobile Clubs	General
Alliance for California Traditional Arts	Governmental
Administrative Council for Terminal Attachments	Governmental
Association De Coordination Technique Agricole	International
Australian Clay Target Association	Regional
Association of Canadian Travel Agents	Regional
Asteroid and Comet Tracking Agency	Space Science