Key Takeaway 8: Strengthening IP in EU FTAs also has positive sectoral effects in the EU and in EU Member States The EU IP-intensive sectors that would increase exports most in case of stronger IP provisions in EU FTAs are: machinery (+4.0%), transport equipment (+3.4%) and electronics (+3.2%). [...] Key Policy Recommendation 5: Link IP in FTAs more directly to EU strategic objectives The EU should add a requirement in its impact assessment work around EU FTAs to explore the effects of strong IP provisions in EU FTAs on achieving EU core policy objectives, especially in combination with the trade enhancing effects of the FTA. [...] EU FTAs Other FTAs Source: OECD (2019) and DESTA (2020) The broad types of IP constitute the EU FTAs’ largest untapped potential Economically, the conclusion that EU FTAs are stronger in niche types of IP and weaker on the broader types matters for two reasons: • Stronger patent and trademark provisions apply to much larger parts of the EU economy (i.e. [...] 16 ECIPE OCCASIONAL PAPER — 1/2022 Sectoral effects of strengthening and better enforcing IP in EU FTAs The overall macro-economic effects of strengthening provisions and enforcement of IP in EU FTAs are positive for the EU economy. [...] • Stronger IP in EU FTAs support the EU’s knowledge-economy by strengthening R&D and innovation in the EU itself and in doing so support the Digital Transformation, Green Deal and other key transformational EU strategies.
- Pages
- 20
- Published in
- Belgium
