Business Beyond Borders is getting ready for another matchmaking event targeting SMEs and Clusters. After the matchmaking events at Genera and the African Utility Week, Texworld Paris is our next stop. Besides the upcoming matchmaking event, participants can benefit from our technical workshop, with practical information for SMEs to go international and expand their business. Ahead of one of our technical sessions, this week’s blog post will introduce you to some key concepts and practical issues of Intellectual Property Rights in China for European SMEs.
Intellectual property rights (IPR) are increasingly important for intangible asset protection, as “Intangible assets account for more than half the value of companies and their importance is growing”. IPR comes as a key factor in today’s rising momentum of knowledge-based economies. Intellectual property protection helps creativity and development promotion, as well as employment development and competitiveness improvement.
The European Union’s significant presence in international trade has turned it into a top global player. This means, however, that there is a greater need for IPR-related services and protection. A great importance has been given to intellectual protection surrounding trade with China, which is ranked as the 1st EU partner for imports and 2nd for exports, with a total trade of 514.551 million euros in 2016.
Thanks to the European Commission’s efforts to help protect intellectual rights in different key markets, European inventors, SMEs and Clusters may seek assistance through the China IPR Helpdesk. China is, however, not only a key for EU trade partner, but also the country with most IPR infringements.
If you or your SME is considering to registeri your intellectual property in China, the following information can be useful:
- Registering your IP in China will cost you between 13 to 700 euros;
- There are 70.635 foreign market registrations per year in China;
- Without a registration, there are few options to defend your rights on China;
- Monitor trade fairs and online retailers such as Alibaba. Be on the lookout for infringements;
- If you have already registered your IP in China, you should enforce your rights if you come across infringements;
- Seek for local legal advice to proceed with your case;
- Don’t forget that IP laws are territorial, IP laws are only enforceable if you have already registered your IP through domestic services.
It is also relevant to tackle a look at some misconceptions regarding IPR rights in China:
China IPR Helpdesk, What are Intellectual Property Rights?
For more information of IPR protection in China for fashion and design, visit: