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U.S. Chamber Applauds the Launch of Transatlantic Intellectual Property Rights Resource Portal
WASHINGTON, D.C.—The U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) today applauded the U.S. Department of Commerce and the European Commission’s Directorate General (DG) for Enterprise and Industry for their launch of the Transatlantic Intellectual Property Rights Resource Portal. This joint effort is indicative of the recognition by both the United States and the European Union of the important role the protection and enforcement of IP rights in foreign markets plays in ensuring the global competitiveness of transatlantic businesses, particularly of small and medium-sized enterprises (SMEs).
“IP theft and insufficient IP rights in foreign markets lead to uncertainty and create disincentives for U.S. and EU businesses to invest in these markets,” said Gina Vetere, senior director for intellectual property promotion of the Chamber’s GIPC. “Protecting and enforcing the IP rights of businesses on both sides of the Atlantic is essential to advancing global economic recovery, driving competitiveness and export growth, and creating high-quality jobs.”
The web portal, accessible through www.stopfakes.gov, was developed by the Market Access and Compliance unit of Commerce’s International Trade Administration in collaboration with the EU’s DG for Enterprise and Industry. This portal will provide resources developed by both the United States and the European Union to assist transatlantic SME’s in protecting and enforcing their IP rights.
“A robust transatlantic relationship is critical to safeguarding intellectual property’s role in creating jobs and sustaining economic growth,” added Vetere. “The GIPC commends the U.S. Department of Commerce and the EU’s Directorate General for Enterprise and Industry for their efforts to assist SMEs with protecting and enforcing their IP rights in foreign markets.”
The Chamber’s Global Intellectual Property Center is working around the world to champion 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.
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Economies with the most effective intellectual property (#IP) frameworks are more likely to achieve the socio-economic benefits needed to face our biggest challenges, like #COVID19. Get the details in the @USChamber #IPIndex. #IPEnables https://t.co/oVnRXbS15m