Intellectual property rights high on Baltic agenda

Published: 6 November 2000 y., Monday
Latvian, Lithuanian and Estonian senior government officials, judges and intellectual property specialists gathered in Riga last week to meet European and U.S. government officials and business executives from world renown companies to develop joint strategies in fighting trademark violations, patent infringements and counterfeits in the Baltic states. The Baltic Region Seminar on Intellectual Property Protection and Enforcement, sponsored by the Coalition for Intellectual Property Rights, the Latvian Patent and Trademark Office and the Patent Bureau of Lithuania, was held on Oct. 25-26 at Riga's Latvian Society House. The seminar focused on the growing problem in the Baltic states of counterfeits, trademark violations and patent infringements, which have costly financial and other consequences for consumers, governments and businesses. In addition to financial losses to business and government from the violation of intellectual property rights, consumer health and safety are put at risk, as shoppers unknowingly buy potentially hazardous counterfeit products. The Baltics with only 8 million people are not high on CIPR's agenda. Russia and Ukraine have much more to worry about. Losses caused by counterfeiting on the Russian market amount to approximately $1 billion a year, according to a survey of 135 major international companies operating in Russia which was conducted at the beginning of 2000. Findings obtained demonstrate that, the way most Western companies see it, a counterfeit industry does not only contribute to the abuse of international brand holder's rights but also runs counter to the Russian government's efforts to attract foreign investment. In addition, it contributes to foregone profits of privately owned companies ($5 million to $50 million annually) and budget arrears (estimated at a few hundred thousand U.S. dollars).
Šaltinis: The Baltic Times
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Cost and Environmental Concerns Push U.S. Business Leaders to Become More Energy Efficient

60 Percent Believe IT Can Transform How Their Companies Manage Energy Consumption more »

Aladdin Knowledge Systems Shareholders Approve Merger with Vector Capital Affiliate

Aladdin Knowledge Systems Ltd. announced that its shareholders approved the definitive merger agreement, providing for the acquisition of the Company by a Vector Capital affiliate. more »

Banks want more mobile-banking, mobile-deposit tech

Fiserv Inc. says a recent market study shows that banks and credit unions view mobile-deposit capture as a key consumer benefit, and they're looking to it as an extension of remote deposit capture. more »

Cyber-community for schools

Teachers take educational website in new direction. more »

Microsoft Reveals New Windows® Phones

Today at Mobile World Congress 2009, Microsoft Corp. CEO Steve Ballmer along with key mobile partners, HTC, LG and Orange, unveiled new Windows® phones featuring new user-friendly software and services. more »

Wincor Nixdorf opens Singapore Global Distribution Center

New facility to benefit customer operations in Asia Pacific. more »

10,000 “Eureka Moments,” and Counting

Microsoft has been awarded its 10,000th U.S. patent for a unique way of interacting with surface computers. more »

Study shows U.K. adoption of contactless, mobile payments is consumer driven

Convenience, rather than security, will be the driving force behind the U.K. adoption of new payment methods, according to an independent survey of 1,000 British consumers. more »

Wincor Nixdorf receives awards in environmental friendliness and customer satisfaction categories

In the first handelsjournal competition for the best products for retail businesses, Wincor Nixdorf’s BEETLE /NetX nd BEETLE /iSCAN systems were awarded gold and silver in the categories environmental friendliness and customer satisfaction. more »

Safer surfing for children

Seventeen leading websites have agreed to put in place safeguards to protect young people from unwittingly risking their privacy and safety. more »