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

New service

Austrians can use mobiles to monitor Czech, Slovak radiation more »

Antivirus companies consider 'Coronex' a low threat

New e-mail worm exploits SARS anxiety more »

First Ever Linux Summit In Finland A Success

The Linux Summit 2003, arranged by SOT in co-operation with HP, Oracle and F-Secure was a declared a success for both organizers and attendees more »

ITAA Calls for Cybersecurity Czar

The Information Technology Association of America is calling for the appointment of a "cyber czar" in the wake of the resignations of key White House cybersecurity advisors more »

search.lt news

search.lt presents newest links more »

Estonia Blazes Internet Trail Back

Banking is actually booming in Estonia - via Internet more »

Poland snubs EU by buying US fighter jets

The $6.2b deal with Lockheed sparks outcry from not just European governments but also American unions more »

search.lt news

search.lt presents newest links more »

IBM Plans Sneak Attack On Microsoft Office

There will soon be another entrant in the lopsided Office wars more »

What Windows Server 2003 Will Mean for IT

There will be performance improvements and cool features in Microsoft's new server, but if an enterprise is a volume licensing customer or an NT 4.0 shop, the choice to upgrade may be no choice at all more »