JOINIntellectual property for Innovation | Joint High-level Statement Valuing Creation, Invention, and Innovation: Re-booting Europe’s Potential
We welcome the European Union’s (EU) initiative to revitalise its approach to growth, globalisation, and international relations. The creative and technology sectors will be integral to the EU’s new vision and the policy action that will help to realise it. Fostering and supporting innovation and creativity will enhance Europe’s strong international standing, promote open strategic autonomy, and build resilience. When properly incentivised, innovation and creativity will drive economic security and elevate Europe’s global influence.
The intellectual property rights (IPR) system protects European innovation and creativity through copyrights, trade marks, rules of origin, and patents. IPRs are not only constitutionally significant but also the essential backbone of Europe’s creative and innovative industries.
European innovative and creative capital is one of the strongest contributors to the EU’s international “soft power”. European technology solutions and creative content (such as music, fashion, film, sports, television and publishing) are critical to Europe’s role in contributing to a sustainable, progressive society.
We call on EU policymakers to ensure that the value of IPR is fully recognised throughout the new EU mandate (2024-2029) and that the EU’s legal framework for protecting and enforcing IPRs is effective in practice. This framework enables the virtuous cycle of investment, innovation, return, and reinvestment so that investors know that if their projects are successful, they will be rewarded for their efforts and the risks they took.
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