IPR-intensive industries account for 45% of the EU’s GDP and 29% of employment, demonstrating the importance of IPR to the economy and the viability of the Single Market. Given that IPR protection is linked to economic growth and technology dissemination, continuous protection will ultimately lead to results.
In recent decades, there has been an increase of focus on IPR and their micro and macroeconomic implications, as they are considered as critical in encouraging innovation, fostering technological advancement, and stimulating economic growth, while also giving a distinct competitive advantage.
In response to the pervasive violation of our members’ IPR and data showing a 70% reduction in the number of custom cases of reported IPR violation for imported goods from 2018/2019 to 2021/2022, AmCham is reintroducing the topic of IPR as one of its key priorities. Participants in the first meeting for the re-establishment of AmCham’s IPR Task Force pledged to foster a conducive business environment and protect the interests of our members.