China's Ministry of Commerce announced on Monday that channels of communication with the European Union (EU) on intellectual property issues remain open, signaling a willingness to engage in dialogue amidst a recent dispute at the World Trade Organization (WTO).
The statement comes in response to the EU filing a complaint at the WTO concerning China's judicial rulings on standard essential patent disputes. The EU alleges that China's policies may be discouraging EU companies from protecting their technology rights in China, impacting fair competition and innovation.
According to the Ministry, China received the consultation request from the EU on January 20. The Ministry emphasized that China has consistently adhered to WTO rules and its accession commitments. It highlighted the nation's ongoing efforts to improve legislation and law enforcement related to the protection of intellectual property rights (IPR), achievements that have been widely recognized internationally.
The Ministry stated that China has always valued the protection of intellectual property rights and has made significant strides in strengthening legal frameworks and enforcement mechanisms. It affirmed openness to dialogue and commitment to addressing subsequent matters in accordance with WTO rules, firmly safeguarding its legitimate rights and interests.
The open communication stance is a positive signal for global businesses and investors who rely on robust IPR protections to safeguard their innovations. By engaging with the EU, China demonstrates its commitment to fostering a fair and transparent business environment, which is crucial for technological advancement and economic collaboration between the two major economies.
The resolution of this dispute through dialogue may have significant implications for international trade relations and the enforcement of intellectual property rights within the WTO framework. Stakeholders from both sides are watching closely as the consultations progress, hoping for a constructive outcome that reinforces global trade norms and mutual trust.
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China says it's open to communication with EU on intellectual property
cgtn.com
