Steps are being taken to bring the Anti-Counterfeiting Trade Agreement (ACTA) to reality as a copy of the text has been posted online. It can be viewed/downloaded here.
The ACTA’s purpose is to create a system that will hold digital copyright infringers (that includes you, Mr. Illegal Downloader) accountable for their crimes.
The draft is being met with criticism, with pundits claiming the text is watered-down and the signatories would not include chief infringing nations such as China. To examine this criticism, read Rob Pegoraro’s blog at the Washington Post.
UPDATE: The quick consensus is that the agreement will be worthless without China’s support. I agree.