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Each year, in a document known as the “Special 301″ report, the U.S. Trade Representative lists those countries whose policies on intellectual property have raised eyebrows, and blood pressure readings, back in the States. These are the nations—40 of them in 2012—where U.S. companies may find their IP rights in peril, whether from piracy, insufficient protections, or lax enforcement (and usually all three). The most egregious offenders go on a special code-red subsection in the report, known as the Priority Watch List. It’s full of the usual suspects. China? Check. India? Check. Russian Federation? Check.