Firstly, the governments should establish, ratify, and embrace legislations, which condemn piracy. It is through stringent laws that the aspects of piracy can diminish. Additionally, companies should know lias with the international governments to help them in curbing the vice. Other governments like China should cease protecting pirates within their lands. It is evident that numerous individuals have had political protection against the law despite their long-standing behaviors as pirates. Additionally, companies should endeavor to produce quality and exceptional products that make it difficult for pirates to copy.
Genuine products with genuine seals can easily help consumers in identifying and differentiating genuine products. Additionally, it is the mandate of the producers to ensure that they produce goods, which can hardly be pirated. Another concept in this context is the need for elaborate education on the dangers of piracy to both the economy and intellectual property (IP) rights. Additionally, governments should prohibit the production and sale of pirated products within the areas of their jurisdiction.
The ban should continue to the importation and exportation of fake products. It is the mandate of governments to eradicate the piracy phenomenon with collaborations from the concerned companies. Another strategy is that the concerned companies should sell products at affordable prices such that the pirated commodities will not survive on pricing advantages. Additionally, saturating the market with genuine products will diminish the demand for pirated products. Conclusively, companies involved in the piracy businesses should be frozen.