'Israeli intellectual property rights vulnerable'

The US Federal Trade Commission has ruled that Israel will remain on its list of countries that do not protect intellectual property rights, Israel Radio reported on Tuesday. The organization has demanded that Israel, which aspires to join the Organization for Economic Cooperation and Development (OECD) - the organization of industrialized countries - fulfill the cooperative conditions of the trade agreement between Israel and the US. The Industry, Trade and Labor Ministry said that Israel abides by all international agreements it has signed, and offers satisfactory rights protection in all fields. The ministry said the situation was believed to be an issue of international disagreements over the correct way of supplying such protection, as well as the proper balance between various interests.