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

Samsung Galaxy Z

A new smartphone from Samsung has been announced by Three in Sweden, the Samsung Galaxy Z. more »

MySpace sold to Specific Media

News Corporation has sold its ailing social networking site MySpace to online advertising firm Specific Media. more »

Microsoft presents new Office 365

Microsoft CEO Steve Ballmer promoted company‘s new cloud product Office 365at an event in New York City. more »

SoftStep KeyWorx multi-touch foot controller

Most folks do work with their hands, but what about your feet? more »

Double Research & Development from Manipulator

Company Double Research & Development has developed a new input device that can sense motion and pressure of the fingers. Manipulator "amenbo" find its use in applications requiring detection of users using their hands. more »

British Library makes Google search deal

Thousands of pages from one of the world's biggest collections of historic books, pamphlets and periodicals are to be made available on the internet. more »

Alibaba splits Taobao, China's biggest retail website

Chinese internet giant Alibaba has announced that it is reorganizing one of its websites, Taobao, into three separate units. more »

Facebook hires former Clinton press secretary

Mr Lockhart, who joins Facebook next month as Vice President of Global Communications, represents the company's latest move to enlist Washington insiders. more »

Facebook Valuation Nowhere Near $100 Billion

Facebook is planning an IPO that could value the company at as much as $100 billion, according to CNBC sources. more »

Interactive 3D dashboard map the future of navigation

Audi and MIT's SENSEable City Lab have teamed up to design the car navigation system of the future - a 3D display that will sit on the dashboard. more »