Days ago, EU Chamber of Commerce in China has released the 2015
Business Confidence Survey in Beijing. According to the report,
among the top 10 factors influencing the investment of EU
enterprises in China, intellectual property protection ranks No. 7,
which means it is still the major concern for EU enterprises. More
than 540 EU enterprises that operate in China have participated in
the survey, most of them believe that China has built a sound legal
and regulatory system of intellectual property with the highly
effective reconstruction of IP legal policies.
According to Joerg Wuttke, Chairman of EU Chamber of Commerce in
China, although the economic growth of China is slowing down
sustainably, China is still the preferred investment destination
for EU enterprises. As China enters the era of normal economic
development, innovation will become one of the key factors to
promote the improvement of China's economy value chain. He also
thinks high of the recent introduction of "Made in China
2025" by the Chinese Government. While in his opinion, the
government should also focus on the market demand and strengthen
the support to technical transfer while increasing the R&D
investment, and help create the legal paradigm for R&D
investment productization with effective legal protection. All of
these requires further development of financial system, increased
enforcement of intellectual property law and regulations, as well
as nurturing a business environment of fair competition for
innovative enterprises to grow.
As widely known, EU Chamber of Commerce in China, established in
2000, is an independent non-profit organization. It now has about
1,800 enterprise members, and has established 7 branches in nine
cities including Beijing, Shanghai, Guangzhou, Shenzhen and
Chongqing. (Source: China Intellectual Property News)
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This article enunciates the recent, much awaited, and landmark judgment delivered on September 16, 2016 by Hon'ble Delhi High Court throwing light on the important provisions of the Copyright Act, 1962.
The Patents Act 1970, along with the Patents Rules 1972, came into force on 20th April 1972, replacing the Indian Patents and Designs Act 1911. The Patents Act was largely based on the recommendations of the Ayyangar Committee Report headed by Justice N. Rajagopala Ayyangar. One of the recommendations was the allowance of only process patents with regard to inventions relating to drugs, medicines, food and chemicals.
The Policy stresses on the need for a holistic approach to be taken on legal, administrative, institutional and enforcement issues related to IP.
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