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Intellectual Property Protection Is an Important Component of Ukraine's Investment Attractiveness – Oleksandr Hryban

On January 27, 2022, the 19th meeting of annual Dialogue on intellectual property rights between Ukraine and the EU took place. The meeting was chaired by Deputy Minister of Economy of Ukraine Oleksandr Hryban and Head of the Department for Protection of Intellectual Property Rights of the General Directorate for Trade of the European Commission Carlo Pettinato.

“Intellectual property protection is an important component of the country's investment attractiveness. We are working on improving the legislation in this area and its compliance with the international standards, in particular the EU. I am convinced that the dialogue with business and expert community will contribute to ensuring not only proper protection of intellectual property rights, but also the economic growth, support for innovation and technological development of Ukraine”, said Deputy Minister of Economy of Ukraine Oleksandr Hryban.

During the Dialogue, the parties discussed relevant issues of the progress of the reform in the field of intellectual property, the development of legislation, the creation of a specialized court on intellectual property issues, the fight against offenses, in particular, on physical and online markets, trade in counterfeit and falsified medicines. Ukraine and the EU also paid attention to the state of affairs in the field of collective management of property rights of right holders in the field of copyrights and (or) related rights. 

“The Ministry of Economy will ensure holding of open bids for accreditation of collective management organizations so that our authors, composers and other right holders receive fair remuneration”, added Oleksandr Hryban.

Increasing the level of protection of intellectual property rights, approximation to the European standards play an important role in bilateral relations.

Carlo Pettinato, Head of the Department for Protection of Intellectual Property Rights of the Directorate General for Trade of the European Commission, emphasized that the long-term close cooperation between Ukraine and the EU contributes to further implementation of the ambitious Chapter on intellectual property rights of the Deep and Comprehensive Free Trade Agreement. 

“We also welcome an active participation of our joint stakeholders in this ongoing dialogue”, said Carlo Pettinato.

Summing up, the Ukrainian party noted the support of the EU in establishing and developing cooperation with the European Union Intellectual Property Office and the European Patent Office and expressed hope for continuation of mutually beneficial cooperation and constructive dialogue.

The event was also attended by experts from the European Commission, the EU Delegation to Ukraine, representatives of the Ministry of Economy, central executive authorities, the scientific community and business.

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