New Report Makes Recommendations to Strengthen China’s IP Environment and Encourage Innovation
New Report Makes Recommendations to Strengthen China’s IP Environment and Encourage Innovation
Second Report from the U.S.-China IP Cooperation Dialogue Highlights Need for Higher Quality Patents, Judicial Reforms, Trade Secrets and Copyright Protections
WASHINGTON, D.C. – A new report released this week by a joint United States-China working group outlined solutions to some of the most complex and challenging IP issues facing China. The report is the second released by the U.S.-China IP Cooperation Dialogue, a collaboration between the U.S. Chamber of Commerce and Renmin University’s China Intellectual Property Academy. The Dialogue brings together 10 thought leaders annually – five from the United States, five from China – committed to strengthening IP rights in China (the full list of participants can be found here). The report examines five key areas: IP and innovation in the technical sector; IP and innovation in the pharmaceutical sector; judicial protection of IP; trade secrets protection; and copyright enforcement.
Among the most important findings in the report was agreement by both sides regarding the need to increase the quality of patents – not just the quantity – in order to drive innovation. The report also examines why China’s rich talent pool, investments and ambition has not resulted in new drug discoveries. It calls for consistency and transparency in the Chinese legal process, including by establishing one single IP appellate court, a searchable case database and an amicus system. The report also addresses measures to protect trade secrets and confidential business methods, both increasingly important. The full report can be viewed here.
“The U.S.-China IP Cooperation Dialogue brings together some of the smartest individuals in the IP community to try and find solutions that will ensure that citizens around the world will be able to access the latest new technology or the next lifesaving medical treatment,” said Mark Elliot, executive vice president of the U.S. Chamber of Commerce’s Global Intellectual Property Center. “China has some of the most innovative minds in the world, and their inventions and discoveries deserve a strong infrastructure in place ensure that the world may benefit from those and future discoveries. We look forward to working with the Chinese government and industry stakeholders to pursue the solutions outlined in the Dialogue report so Chinese innovators and those around the world seeking to invest in China have the certainty they need to move forward.”
The Chamber’s Global Intellectual Property Center is working around the world to champion intellectual property (IP) rights as vital to creating jobs, saving lives, advancing global economic growth, and generating breakthrough solutions to global challenges.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.
