With ‘priority countries’ flagged for immediate attention, The European Commission wants to settle concern around the state of protection for Intellectual Property Rights (IPR) and enforcement for anti-counterfeiting security.
The report reveals that China raises the most concerns for the Commission while India and Türkiye are secondary priorities where illicit trade using counterfeit documents and fake is still a modern threat. A robust intellectual property system should be incorporated into functioning economies and democracies enabling free, legal movement. In particular, developing countries may be more prone to criminal networks operating using counterfeits, offering an opportunity for growing anti-counterfeiting security devices like holograms.
The International Hologram Manufacturers Association is made up of the world’s leading hologram suppliers and manufacturers which aims to advance the understanding, use and development of holographic technology in the authentication of essential security documents such as passports and banknotes.
Boosting the security of intellectual property ‘supports innovation’ and is ‘a key driver of the EU’s competitiveness and protection of strategic interests’ for growth of our economies, tourism, strong infrastructure and prosperity.
Valdis Dombrovskis, Executive Vice-President and Commissioner for Trade: “When intellectual property systems across the world fall short, it harms European businesses. Counterfeiting and piracy hurt our economy and can expose our citizens to unsafe products. Forced technology transfer slows down our economic development and can be a menace to our security. This is why the Commission is taking broader steps to protect European companies when trading outside the EU’s borders, keep EU consumers safe and promote EU’s contribution to innovation and innovative manufacturing.”
