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

Nigeria: ATM is Now a Fraud - Victim

INTERVIEW: Fraud victim describes mistrust of ATMs in Nigeria. more »

Cisco IP Video Technology to Enable Groundbreaking NBC Coverage of Beijing Olympic Games

Cisco announced today it has been selected to provide Internet Protocol (IP) video network infrastructure and video-encoding solutions to NBC during the network's coverage of the 2008 Beijing Olympic Games, Aug. 8-24. more »

Microsoft and NBC Deliver Groundbreaking Online Olympics Viewing Experience

Q&A: Executives from MSN, NBC and Microsoft offer details behind the largest online broadcasting event in history. more »

HP, Intel and Yahoo! Create Global Cloud Computing Research Test Bed

The goal of the initiative is to promote open collaboration among industry, academia and governments by removing the financial and logistical barriers to research in data-intensive, Internet-scale computing. more »

Microsoft Announces Reorganization of Windows and Online Services Business

Platforms & Services Division to Split Into Two Groups and Report to CEO Steve Ballmer. more »

Privacy to the Test – Exploring the Limits of Online Anonymity and Accountability

More can be done to ensure that people can be confident that their privacy will be protected online. more »

Government says card fraud on the rise in U.K.

A UK crime survey shows credit and debit card fraud has reached a record high of £535 million. more »

Cisco Combat Exam Fraud with Global Test Delivery Enhancements

New security measures underscore commitment to protect certification integrity and value. more »

Sparkasse KölnBonn standardizes its branch IT with technology from Wincor Nixdorf

Sparkasse KölnBonn has just concluded a framework agreement with Wincor Nixdorf. The agreement covers more than 500 devices. more »

Aladdin Knowledge Systems Reports Second Quarter 2008 Financial Results

Aladdin Knowledge Systems Ltd. (NASDAQ: ALDN), an information security leader specializing in authentication, software DRM and content security, today announced financial results for the second quarter of fiscal year 2008. more »