The Federation Against Software Theft (FAST) has welcomed a new industry initiative meant to reduce the online sale of counterfeit goods.
A Memorandum of Understanding (MoU) was signed on the issue earlier on May 4 by more than 30 vendors which included heavyweights like Nokia, Microsoft and Interactive Software. The MoU pledged that all necessary steps would be taken in order to tackle online piracy.
“From our perspective this can only been seen as a positive move. It represents the conclusion of one of the main planks of the European Commission’s September 2008 communication on enhancing the campaign to protect intellectual property rights," Julian Heathcote Hobbins, General Counsel of FAST, said in a statement.
“This needs to be seen as a code of practice in the fight against pirated goods, and will enhance collaboration amongst the participating organisations,” he added.
According to reports, one major achievement attained by the MoU is that all the involved parties agreed to work in unison to counter the growing threat of piracy under a common set of notice and take-down procedures.
The companies believe that a cooperative, pro-active approach could reduce piracy, despite the fact that no cooperative measures have effectively reduced online piracy to date.