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BEIJING (AP) - China has promised to pursue product pirates identified by American authorities in a new effort to stamp out its thriving counterfeit industry, the head of the U.S. customs agency said Friday.
China accounted for about 80 percent of the 14,775 shipments of counterfeit goods seized at U.S. ports last year, said W. Ralph Basham, commissioner of U.S. Customs and Border Protection.
Under a memorandum of cooperation signed this week, U.S. Customs will provide Chinese authorities with information on the source of seized goods, and Beijing will report back on the status of efforts to catch the counterfeiters, Basham said.
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