Beijing, the sprawling capital of China, has bid to lead the world
agency that’s supposed to safeguard Intellectual
Property (IP) and set international standards for trademarks,
copyrights, and patents.
To indicate its desire to more effectively manage the
international IP system surrounding Intellectual
Property Rights (IPRs), China had already nominated a candidate to
head the World Intellectual Property Organization (WIPO) in the first week of
November 2019. However, considering China’s track record, including support for
U.S. enemies, rampant IP theft, and corporate espionage, many trade experts are
wary, to say the least. For instance – some years ago, the United States
opposed even the creation of a patent office in China, claiming that the
stringent safeguards for securing the confidentiality of trade secrets in Patent Applications might
be at risk of intrusions in China.
James Pooley, former deputy director-general at WIPO, said that
protecting trade secrets of the applicants was a crucial part of what they are
doing. Moreover, the Trump administration’s perspective regarding China is that
this nation is a thief. So, how could the authorities even think about making
the fox in charge of the henhouse?
Reason for Beijing’s This Move
Typically, one of the several reasons why Beijing took this move
is that China, in the present times, is producing a great deal of IP of its
own. For several years, although China had exhibited little interest in carving
out the role of a leader at WIPO, it has been deepening its formal relationship
with the agency that sets the rules for worldwide copyrights, patents, and
trademarks. Today, the time after more than a decade when Beijing launched its
campaign to boost indigenous innovation, the nation has emerged as the main
innovator of its rights and is taking a deep interest in Intellectual
Property Protection.
According to some diplomatic sources, the US officials so far have
talked to several countries to try to persuade Beijing (China) to reconsider
its bid and accept another senior management position at WIPO rather than the
top job at the agency.
The Chinese Bid
The recent bid poses a remarkable challenge for the US that has
been pushing to restrain China’s growth as a technological superpower while
inspecting its developing diplomatic clout at the UN and other international
agencies. The potential challenge from China to the stewardship of worldwide
intellectual property standards appears when Beijing is looking for rewriting
the rules for larger swaths of the global economy, encompassing the role of
state-owned firms, the use of state finances to obtain other geopolitical
gains, etc. Some famous economists found that due to the unfair trade
practices, like counterfeiting and theft of trade secrets by China, the US
loses more than $50 billion a year.
As per the WIPO figures provided in October 2019, the election
efforts are expected to bring positive outcomes for China as it is emerging as
a leading nation in artificial intelligence (AI) and next-generation 5G mobile
technologies. Besides, it is the most productive patent filer, accounted for
around half of the more than 3.3 million global patents filed in the year 2018.
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