“The modernization of the Internet "which promises to reshape the information industries" calls for a reevaluation of the WTO’s current regulation of intellectual property, deemed outdated and biased by critics. The topic of intellectual property is broad and complex. It involves the spread of ideas patented and capitalized on by individuals, companies, and other entities. Recently, a trade war has erupted between the U.S. and China, with a few key companies under scrutiny. This war has brought to light the bellicose rhetoric and vague legislation concerning IP that fuels the current discord over the issue. The value we place on ideas and products of human intellect has an undeniable link to how national economies develop, and should be treated as a significant matter in this conference. It is up to this committee to decide what the WTO will do in the face of such a complex and pressing issue.