Category Finance

Regional Trade Agreements Address Issues Missed By Multilateralism, Speakers Say

Although regional trade agreements are increasing, there is no hiding the fact that they are meeting rising resistance from the public and are difficult to negotiate. At the World Trade Organization Public Forum this week, an industry panel sought to explore how trade agreements could be linked to the WTO process, and if elements of those agreements could be taken on at the multilateral level.

WTO Public Forum Opens Against Gloomy Global Trade Perspectives

The 15th World Trade Organization Public Forum, an annual event that brings together stakeholders and members of the public to discuss trade issues, opened today. This year, the focus is on inclusive trade. During the opening session, participants underlined the need for support of micro enterprises, in particular in developing countries. Also today, the WTO released its trade statistics and outlook for 2016, which announced the slowest pace of trade and output growth since the 2009 financial crisis.

CETA To Be Signed (Again) During EU-Canada Summit In Mid-October

European Union trade ministers at an informal meeting in Bratislava, Slovakia today agreed on the final steps to enact CETA, the Comprehensive Economic and Trade Agreement between Canada and the EU. There will be no other reopening of the text, assured EU Trade Commissioner Cecilia Malmstroem after the meeting. But ministers have agreed, according to Slovak Minister of Economy Peter Ziga, that some sensitive issues have to be straightened out in an additional annex to the CETA text.

Leaks Show TISA No Easy Trade Deal; Civil Rights Groups, Unions Alarmed

Greenpeace, European Digital Rights, Public Services International and the International Transport Worker's Federation today presented a collection of leaked papers on the Trade in Services Agreement (TISA). As negotiators from a dozen countries currently gathered in Geneva for officially the 20th round to close the deal on better trans-border service trading, the civil rights activists and trade union representatives warned that TISA partners would commit to give up their options to regulate in the public interest through a secret deal.

Survey Finds Promising Future, Major Challenges For Augmented And Virtual Reality

Optimism is said to exist about the future of augmented reality (AR) and virtual reality (VR) following a survey completed by over 650 respondents in the industry. Though growth and investment are anticipated, concerns about a lack of compelling content and cost and issues with the user experience were among the survey’s key findings. Legal risks were identified as well, with the highest percentage relating to technology and intellectual property licensing.

Blockchain Technology Raises Challenging IP Issues, Say Speakers

Blockchains, such as the well-known bitcoin, are not yet well-defined but are creating a lot of hype, speakers at a 23 August Intellectual Property Owners' Association webinar said. Two things are clear so far, they said: the technology is in its infancy, and there are lots of unresolved questions about what is patentable and how IP laws intersect with the mostly open source software used in the systems.

Committee Recommends ‘High Priority’ Changes To WIPO Oversight Charter

The World Intellectual Property Organization Program and Budget Committee (PBC) this week agreed to recommend changes to the UN agency’s Internal Oversight Charter as a high priority by next month, including to strengthen investigatory processes against senior officials, and access to confidential documents by member states. In a separate issue, after days of intensive talks behind closed doors, the committee could not agree on which countries will get new WIPO external offices. [Update: decision document added]

Committee Agrees WIPO Strategic Plan To 2021: Possible Rethink For Policymaking

Anticipating a degree of uncertainty ahead for the global economy and intellectual property system, the World Intellectual Property Organization in a new six-year strategic plan looks at likely future policy debates, a focus on infrastructure and training, and possible ways to bring about better negotiations at the UN agency.

New Offices, Strategic Plan, GIs, Oversight Among Focus Of WIPO Committee

The choice of hosting countries for new WIPO external offices and the Medium Term Strategic Plan 2016-2021 are among the hottest subjects of the week, according to several regional groups speaking at the opening today of the World Intellectual Property Organization Program and Budget Committee. Separately, the United States again called the attention to a 2015 treaty protecting geographical indications which they said should not be automatically administered by WIPO. And members called attention to audit and oversight issues.